IRVINE, CA-Local investors may have the advantage of large institutional home buyers for a variety of reasons, Daren Blomquist, VP of RealtyTrac, tells Having “boots on the ground” and intimate knowledge of the market gives local buyers better perspective on how much homes are actually worth.

Blomquist says the trend of large institutional buyers purchasing single-family homes for rental “is pushing out the smaller, mom-and-pop investor—as well as owner/occupant buyers—because these institutional investors are typically willing to operate on thinner margins and buy at smaller discounts than those mom-and-pop investors and owner/occupant buyers. The local mom-and-pop investors still have the advantage when it comes to knowing the market and the true value of homes that are being purchased. For this reason, I think in some cases the institutional investors are probably overpaying for homes.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.