Data from RealtyTrac shows that despite gains in home price appreciation during the housing market recovery, large institutional investors are holding off on “cashing out” and selling off their rental properties.
The analysis by RealtyTrac found that of more than 200,000 purchases made by investors between January 2012 and August 2014, the average property was purchased for $167,556, and has since gained an equity return of about 26 percent or $8.9 billion. States with the largest potential equity returns include Delaware, California, New Hampshire, Oregon, and New York.
PB Topical Ref
