Where Have the REO Investors Gone?

It’s important to keep the purchase activity in perspective. According to data presented at the recent IMN Single Family Rental conference in Scottsdale, AZ, the largest 18 institutional SFR buyers account for roughly 1.2% of the current inventory of single family rental properties—about 172,000 of the 15 million homes being rented out today. That inventory, meanwhile, has continued to grow even as the largest of the investors have begun to slow down their purchase activity.