Research Notes on Economic Issues
This occasional paper series will explore major issues and evaluate the potential impacts they may have on the local economy and residents of the County.
Impact of Real Estate Investors on Local Buyers
At the request of the Board of County Commissioners, staff provided an assessment of the impacts from foreign investor participation in the local real estate market and the access to homeownership for first-time buyers.
The key findings from the analysis indicate that:
- domestic first-time buyers are currently at a competitive disadvantage in the residential market;
- a widening gap has emerged between the volume of sales to domestic first-time homebuyers and sales to mainly foreign investors, and
- investors’ participation in the residential market has supported the recovery of the real estate sector at a critical time for the sector and the broader economy.
- Impact of Real Estate Investors on Local Buyers
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