While the Realtors’ survey, which draws its data from regional multiple listing services, showed a big drop in the usually investor-heavy West, another report saw investors returning to the market in October after stepping back earlier in the year. After surging to 23 percent of the market in February, investors made up just 16.6 percent of home buyers in August, according to Campbell/Inside Mortgage Finance. Over the past two months, however, that share has climbed back to 17.4 percent.
(Read more: Map: Tracking the recovery)
“The two-month rise in investor activity is significant given that it occurred at the same time the proportion of distressed properties in the housing market has continued to fall,” the report said.
—By CNBC’s Diana Olick. Follow her on Twitter @Diana_Olick.
Article source: http://www.cnbc.com/id/101225161