Last week the Wall Street Journal suggested that with all the institutional capital flowing into the US housing market, there could well be a backlash as more and more home buyers are outbought by the money. However, Gary Beasley, CEO and co-founder of Roofstock, tells CNBC that this narrative of Wall Street taking over the housing market is not accurate.

In fact, Beasley says there has always been a lot of investor interest in the asset class, though historically, it has been more mom and pop driven. Today, he says about 20% or 21% of homes today are purchased by investors. "But the vast majority of those are small investors," he said.

Out of 90,000 homes a month purchased by investors, around 4,000 are bought by larger investors. The majority are still purchased by mom and pops. He says there is a lot of noise about private capital flowing in and potentially crowding out smaller investors, but it's just not necessarily backed up by the fact.