The Difference of a Decade: Rising Purchases amid swings in market share
Increase in Investor Activity
Associated with Greater Housing
Stock Turnover
Additionally, investors have gained market share over the last decade as housing market
turnover has increased. At the metropolitan level, there appears to be a good correlation
between the two, as shown by the fitted line in the figure below. It seems that increasing
investor activity goes hand-in-hand with market turnover, or the percentage of homes that
are sold.²
2 Turnover is calculated as the share of homes sold in a MSA in a year. For instance, if an MSA has a stock of
100,000 units and 10,000 of them sell in a given year, the velocity for that year is 0.1.
CoreLogic
Change in Market Tumover, 2011-20
6%
4%
2%
09
-20
-4%
-6%
-8%
-10%
-2%
-1%
0%
196
2%
396
4%
Change in Investor Share, 2011-20
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