Investors look to buy a home

unduhan-77Many investors in states with more expensive housing markets look to other states to purchase their investment properties.

As it turns out, many of those less expensive housing states are red states, that is, states that traditionally vote Republican, and many of the out-of-state investors are from blue states, or states that traditionally vote Democrat, according to a new report from ATTOM Data Solutions, a fused property database.

The report shows that 3.4 million single-family investment homes nationwide are owned by an out-of-state investor. That is about 16% of all single-family investment homes.

Here are the top 10 states with the most investment homes owned by out of state investors, where those investors are from, and if the state is red or blue – based on the most recent presidential election:

10. New Jersey

Single-family investment homes: 108,919

Where out-of-state investors are from: Pennsylvania with 42,361

9. Pennsylvania

Single-family investment homes: 1113,070

Where out-of-state investors are from: New York with 24,699

8. Michigan

Single-family investment homes: 116,137

Where out-of-state investors are from: Illinois with 22,271

7. California

Single-family investment homes: 117,139

Where out-of-state investors are from: Texas with 15,534

6. Texas

Single-family investment homes: 139,358

Where out-of-state investors are from: California with 51,069

5. Georgia

Single-family investment homes: 159,899

Where out-of-state investors are from: Florida with 39,691

4. Arizona

Single-family investment homes: 162,069

Where out-of-state investors are from: California with 55,822

3. Tennessee

Single-family investment homes: 185,116

Where out-of-state investors are from: Florida with 40,000

2. North Carolina

Single-family investment homes: 202,431

Where out-of-state investors are from: Florida with 38,045

1. Florida

Single-family investment homes: 365,959

Where out-of-state investors are from: New York with 51,967