Daren Blomquist Blomquist: “Although the giant operators in this industry have settled down in terms of activity, there is still a lot of churn beneath the surface with the small to mid-tier operators.”

IRVINE, CA—Counter to the nationwide trend, the institutional-investor share of single-family-home purchases increased from a year ago 31% in 37% of zip codes analyzed in ATTOM Data Solutions’ latest report. The zip codes on the rise for single-family-rental purchases include those in secondary and tertiary markets, such as Dayton, OH; Detroit; Memphis; Chattanooga, TN; and Chicago.