Real Estate Roundup: Bay Area One of Top Markets for Absentee Homebuyers

Absentee Buyers

Steadily rising home prices across the Bay Area have attracted both institutional and individual investors to our local real estate markets, leading to some of the largest increases in purchases by absentee homebuyers in the country.

According to a study by Builder citing CoreLogic data, purchases by absentee buyers rose 1.96 percent in the San Jose metro area from 2013 through the third quarter of this year, the third largest gains in the U.S. In the San Francisco metro area, which includes Oakland, absentee-buyer activity rose 1.72 percent during that same time period, No. 4 in the nation.

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