Investors may be pouring less cash into houses, according toRealtyTrac.
The real estate data company said institutional investorspurchased fewer homes in the second quarter of this year than inboth the first quarter of this year and the second quarter of 2013,suggesting that the flow of cash purchases which had disrupted somehousing finance markets is slowing.
Nationally, 37.9% of all homes purchased in second quarter of2014 were purchased for cash, RealtyTrac reported. That's down fromthe three-year high of 42% in 2014's first quarter but still higherthan the 35.7% of homes purchased for cash in the second quarter of2013, the California-based firm said.
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