Non-occupants bought nearly 40 percent of Dallas homesNon-occupants bought nearly 40 percent of Dallas homeshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=171272017-07-14T05:00:00Z2017-07-14T17:00:00Z

​DALLAS – Flippers, investors, developers, and builders purchased nearly 40 percent of homes sold in the area last year, according to Attom Data Solutions. 

"That's the highest share of purchases going to nonowners in Dallas since 2000," said Daren Blomquist, economist with Attom Data. "The long-term average for the City of Dallas is about 25 percent, and this was way above that average."

Nationwide, about a third of home and condo sales went to investors or other nonoccupant buyers last year.

For more on the DFW housing market, check out the Real Estate Center's ​​latest housing market report.

Dallas Morning News
Dallas-Fort Worth-Arlington
https://www.dallasnews.com/business/real-estate/2017/07/13/flippers-investors-builders-bought-third-dallas-homes-2016Read more at {Source}

 Search NewsTalk Texas