By Paul Maryniak | Ahwatukee Foothill News
A new study by a Tempe real estate data service challenges the common belief that big investment companies dominate the single-family housing market and are competing with average homebuyers.
“Wall Street isn’t the dominant force” and 90% of investors are landlords who own no more than 11 properties, according to the study by BatchData, which said investors are now a stabilizing force in the market.
BatchData is one of five data-related services started in 2018 by a trio of real estate investors who saw a need for more comprehensive information and tools related to the real estate market. Today it boasts of being “the cutting edge of real estate data and technology innovation.”
