Housing Market News
Investors
Investors Bought 26% of the Country’s Most Affordable Homes in the Fourth Quarter—the Highest Share on Record
Elevated home prices and mortgage rates, along with sluggish rents, have made low-priced homes increasingly attractive to investors. Investors bought 18% of all homes that sold in the fourth quarter, up slightly from a year earlier. Overall, investor home purchases dropped 11% from a year earlier, though that’s the smallest decline since they began falling
Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic Boomtowns
Nationwide, investor purchases fell 30% year over year to the lowest third-quarter level in seven years, as rising mortgage rates, high home prices and a lackluster rental market made investing less attractive. Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter to 48,667—the lowest level of any third quarter since
Real Estate Investors Pull Back, Buying 45% Fewer Homes Than a Year Ago
The drop in investor purchases outpaced the 31% decline in overall home sales. Investor market share is down to 16% after hitting an all-time high of 20% in the first quarter of 2022. Investors are also making up a smaller share of the home-selling pie, with 8% of new listings owned by investors, down from
Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
That outpaced a 41% drop in overall home purchases. Investors retreated as rising interest rates and falling home values shrank potential profits. Still, investors bought up 18% of homes that sold. That’s down from a peak of 20% a year earlier but is higher than pre-pandemic levels. Investors gravitated toward low-priced homes and condos; starter
Investors Lost Money on 14% of Homes They Sold in March—Nearly the Highest Share Since 2016
The share is more than twice that high in Phoenix and Las Vegas, both pandemic boomtowns. Investors are selling at a loss as elevated mortgage rates curtail homebuyer demand. Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for. That’s comparable with
Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago
Investor home purchases fell a record 46% year over year in the fourth quarter. Investors bought 18% of homes that sold, down from 19% a year earlier. Pandemic boomtowns Las Vegas and Phoenix saw investor purchases fall over 60%—more than all of the other metros Redfin analyzed. Investors pulled back from single-family homes more than
Investors Bought 26% of the Country’s Most Affordable Homes in the Fourth Quarter—the Highest Share on Record
Elevated home prices and mortgage rates, along with sluggish rents, have made low-priced homes increasingly attractive to investors. Investors bought 18% of all homes that sold in the fourth quarter, up slightly from a year earlier. Overall, investor home purchases dropped 11% from a year earlier, though that’s the smallest decline since they began falling
Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic Boomtowns
Nationwide, investor purchases fell 30% year over year to the lowest third-quarter level in seven years, as rising mortgage rates, high home prices and a lackluster rental market made investing less attractive. Investor purchases of U.S. homes dropped 29.7% year over year in the third quarter to 48,667—the lowest level of any third quarter since
Real Estate Investors Pull Back, Buying 45% Fewer Homes Than a Year Ago
The drop in investor purchases outpaced the 31% decline in overall home sales. Investor market share is down to 16% after hitting an all-time high of 20% in the first quarter of 2022. Investors are also making up a smaller share of the home-selling pie, with 8% of new listings owned by investors, down from
Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
That outpaced a 41% drop in overall home purchases. Investors retreated as rising interest rates and falling home values shrank potential profits. Still, investors bought up 18% of homes that sold. That’s down from a peak of 20% a year earlier but is higher than pre-pandemic levels. Investors gravitated toward low-priced homes and condos; starter
Investors Lost Money on 14% of Homes They Sold in March—Nearly the Highest Share Since 2016
The share is more than twice that high in Phoenix and Las Vegas, both pandemic boomtowns. Investors are selling at a loss as elevated mortgage rates curtail homebuyer demand. Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for. That’s comparable with
Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago
Investor home purchases fell a record 46% year over year in the fourth quarter. Investors bought 18% of homes that sold, down from 19% a year earlier. Pandemic boomtowns Las Vegas and Phoenix saw investor purchases fall over 60%—more than all of the other metros Redfin analyzed. Investors pulled back from single-family homes more than
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