Be cautious about reading into CoreLogic's recent quarterly report about the investor share of single-family home purchases – which showed a bounce back from most of the year – as it doesn't seem on track to reach its previous high, an analyst concludes.
It did increase by 5 percentage points from Q2 to Q3, and purchase levels remained steady at around 100,000 units per month, "suggesting that the Q2 decline has flattened," writes CoreLogic economist Thomas Malone.
It had fallen from 28% in February to 21% in June but increased in every month of Q3 to reach 26% in September.
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