Wrong about investors on most all of he counts. The frenzied behavior we are seeing on SFR homes over 500 is limited in great part to owner occupants, not 100% but pretty close. The investors at this point are sticking to smaller condos or flips. Once more, it is simply a lack of inventory. Why do many of these buyers remain in the frenzy? Many of them believe that prices will continue to move and/or interest rates will rise and that prices will not be adversely affected. Conversely, some of them simply do not want to wait, they waited through 09, 10, 11, 12 and realized they screwed up. I am not saying they should or should not buy now, I am just saying what goes on in many buyers minds.
