The housing market's inflection point, turning the tide of housing transactions from investors to home buyers who want to spend time living in their real estate properties, is not restricted to the United States.
CoreLogic international contributor Cameron Kusher looks at the trend in Australia, where an ongoing decline in investor housing finance commitments is unfolding as owner occupier demand rebounds. Kusher notes that finance institutions are part of what's driving the tipping point:
Year-on-year owner occupier commitments are 21.2percent higher while investor commitments are -9.2percent lower. After peaking in April this year at $14.2 billion over the month, the value of investor housing finance commitments have fallen by -18.9 percent.