{"id":75820,"date":"2023-02-15T05:00:34","date_gmt":"2023-02-15T13:00:34","guid":{"rendered":"https:\/\/www.redfin.com\/news\/?p=75820"},"modified":"2023-02-14T16:27:57","modified_gmt":"2023-02-15T00:27:57","slug":"investor-home-purchases-q4-2022","status":"publish","type":"post","link":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/","title":{"rendered":"Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Investor home purchases fell a record 46% year over year in the fourth quarter.<\/i><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Investors bought 18% of homes that sold, down from 19% a year earlier.<\/i><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Pandemic boomtowns Las Vegas and Phoenix saw investor purchases fall over 60%\u2014more than all of the other metros Redfin analyzed.<\/i><\/strong><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><strong><i>Investors pulled back from single-family homes more than condos and townhomes, and high-priced properties more than low-priced properties.<\/i><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Investor purchases of U.S. homes fell a record 45.8% year over year in the fourth quarter as <\/span><span style=\"font-weight: 400;\">the high cost of borrowing money and the prospect of substantial home-price declines made real estate investing less attractive<\/span><span style=\"font-weight: 400;\">. The second biggest decline occurred in 2008, when investor purchases slumped 45.1% during the subprime mortgage crisis.<\/span><i><\/i><\/p>\n<p><span style=\"font-weight: 400;\">Overall U.S. home purchases fell 40.8% from a year earlier in the fourth quarter.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-75822\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-yy-change-chart.png\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-yy-change-chart.png 800w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-yy-change-chart-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-yy-change-chart-768x576.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investor purchases slumped 27% on a quarter-over-quarter basis, the largest quarterly decline on record aside from the beginning of the pandemic. That\u2019s comparable with the 28.1% quarterly drop in overall home purchases.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">While many investors have pumped the brakes on homebuying, investor market share has remained fairly steady. That\u2019s because individual homebuyers have also pulled back. Investors purchased 17.8% of all homes that were bought in the metros tracked by Redfin in the fourth quarter. That\u2019s comparable with 17.6% in the prior quarter and down from 19.4% a year earlier.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-75823\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-market-share.png\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-market-share.png 800w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-market-share-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-market-share-768x576.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This is according to a Redfin analysis of county records across 40 of the most populous U.S. metropolitan areas. We define an investor as any institution or business that purchases residential real estate. When we refer to a \u201crecord,\u201d the record dates back to the first quarter of 2000. This data is subject to revision. A full methodology can be found at the bottom of this report.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In dollar terms, investors bought $31 billion worth of homes in the fourth quarter, down 42.7% from $54.1 billion one year earlier and down 27.5% from $42.8 billion one quarter earlier. The typical home investors purchased cost $425,926, little changed from one year earlier but down 5.8% from one quarter earlier.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Prospect of Home-Price Declines Prompts Investors to Back Off<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Investors piled into the housing market in 2021 due to rock-bottom mortgage rates and surging housing demand, and are now retreating amid <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-market-predictions-2023\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">projections<\/span><\/a><span style=\"font-weight: 400;\"> that home prices have room to fall.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">U.S. home prices are up less than <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-homebuyer-demand-improves\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">1%<\/span><\/a><span style=\"font-weight: 400;\"> year over year\u2014compared with 15% growth one year ago\u2014and have fallen 11% from their spring 2022 peak. In many metros, prices are already declining on a year-over-year basis. That\u2019s because the jump in mortgage rates last year dampened homebuyer demand. Higher rates also mean it\u2019s more expensive to borrow money, which eats into profits. Many investors are moving their money into other asset classes that offer better returns. For investors who are landlords, <\/span><a href=\"https:\/\/www.redfin.com\/news\/redfin-rental-report-january-2023\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">slowing<\/span><\/a><span style=\"font-weight: 400;\"> rent growth is also making it more challenging to reap large returns.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cIt\u2019s possible that investors will start to wade back into the market this year given that mortgage rates have ticked down from their 2022 high\u2014especially if home prices show signs of bottoming,\u201d said Redfin Senior Economist <\/span><a href=\"https:\/\/www.redfin.com\/news\/author\/sheharyarbokhari\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Sheharyar Bokhari<\/span><\/a><span style=\"font-weight: 400;\">. \u201cBut it\u2019s unlikely that investors will return with the same vigor they had in 2021. That\u2019s good news for individual buyers, who are still grappling with high housing costs but no longer losing bidding war after bidding war to investors.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investor home purchases in the fourth quarter of 2021 were near their record high, which is another reason the year-over-year decline in 2022 was so dramatic. Investors bought 48,445 homes in the metros tracked by Redfin in the fourth quarter of 2022, down from 89,396 a year earlier and 60,447 in the fourth quarter of 2019\u2014before the pandemic.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img decoding=\"async\" class=\"alignnone size-full wp-image-75824\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-purchases-raw.png\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-purchases-raw.png 800w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-purchases-raw-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/investor-purchases-raw-768x576.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Pandemic Boomtowns See Biggest Drops in Investor Purchases<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In Las Vegas, investor home purchases fell 67% year over year in the fourth quarter, the largest decline among the 40 metros Redfin analyzed. Next came Phoenix (-66.7%), Nassau County, NY (-63%), Atlanta (-62.8%) and Charlotte, NC (-61.9%). Rounding out the top 10 are Jacksonville, FL, Nashville, TN, Sacramento, CA, Riverside, CA and Orlando, FL.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201c<\/span><span style=\"font-weight: 400;\">A lot of investors are on hold because they still see home prices declining,\u201d said <\/span><a href=\"https:\/\/www.redfin.com\/real-estate-agents\/elena-fleck\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Elena Fleck<\/span><\/a><span style=\"font-weight: 400;\">, a Redfin real estate agent in <\/span><a href=\"https:\/\/www.redfin.com\/city\/13989\/FL\/Palm-Beach\"><span style=\"font-weight: 400;\">Palm Beach, FL<\/span><\/a><span style=\"font-weight: 400;\">. \u201cThe investors who are in the market are selective and aggressive. Many of them are only offering around 60% of the asking price since it\u2019s so difficult to make a profit when flipping homes right now.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Many of the metros where investor purchases declined significantly are places that soared in popularity during the pandemic. Las Vegas, Phoenix and Sacramento consistently rank on <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-migration-trends-q3-2022\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Redfin\u2019s list<\/span><\/a><span style=\"font-weight: 400;\"> of top migration destinations, which is based on net inflow, or <\/span><span style=\"font-weight: 400;\">how many more Redfin.com users are looking to move into a metro than out. Investors expanded in these areas during the pandemic to capitalize on surging rents and home values, and are now pulling back as these markets slow relatively quickly because many homebuyers have been priced out. Phoenix and Sacramento are both among the <\/span><a href=\"https:\/\/www.redfin.com\/news\/housing-market-update-homebuyer-demand-improves\/\"><span style=\"font-weight: 400;\">five<\/span><\/a><span style=\"font-weight: 400;\"> metros seeing the largest year-over-year price declines. Prices are also falling from a year ago in Las Vegas and Riverside.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investor purchases may also be declining in Atlanta, Charlotte, Las Vegas and Phoenix because those markets were popular among iBuyer investors, many of whom have <\/span><a href=\"https:\/\/preview.therealdeal.com\/new-york\/2022\/12\/07\/ibuying-on-the-brink-where-does-the-controversial-homebuying-model-go-from-here\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ceased<\/span><\/a><span style=\"font-weight: 400;\"> or slowed operations in recent months.\u00a0<\/span><\/p>\n<p><b>Metros With Largest Declines in Investor Home Purchases: Q4 2022<\/b><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Metro area<\/b><\/td>\n<td><b>Investor purchases, YoY change<\/b><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/10201\/NV\/Las-Vegas\"><span style=\"font-weight: 400;\">Las Vegas, NV<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-67.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/14240\/AZ\/Phoenix\"><span style=\"font-weight: 400;\">Phoenix, AZ<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-66.7%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/county\/1974\/NY\/Nassau-County\"><span style=\"font-weight: 400;\">Nassau County, NY<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-63.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/30756\/GA\/Atlanta\"><span style=\"font-weight: 400;\">Atlanta, GA<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-62.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/3105\/NC\/Charlotte\"><span style=\"font-weight: 400;\">Charlotte, NC<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-61.9%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/8907\/FL\/Jacksonville\"><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-57.1%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/13415\/TN\/Nashville\"><span style=\"font-weight: 400;\">Nashville, TN<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-54.8%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/16409\/CA\/Sacramento\"><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-53.5%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/15935\/CA\/Riverside\"><span style=\"font-weight: 400;\">Riverside, CA<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-53.0%<\/span><\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/www.redfin.com\/city\/13655\/FL\/Orlando\"><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/a><\/td>\n<td><span style=\"font-weight: 400;\">-51.8%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><a href=\"https:\/\/www.redfin.com\/city\/1073\/MD\/Baltimore\"><span style=\"font-weight: 400;\">Baltimore<\/span><\/a><span style=\"font-weight: 400;\"> was the only metro Redfin analyzed that saw an increase in investor purchases, which rose 1.4% year over year in the fourth quarter. The smallest declines were in <\/span><a href=\"https:\/\/www.redfin.com\/city\/35759\/WI\/Milwaukee\"><span style=\"font-weight: 400;\">Milwaukee<\/span><\/a><span style=\"font-weight: 400;\"> (-7.6%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/30749\/NY\/New-York\"><span style=\"font-weight: 400;\">New York<\/span><\/a><span style=\"font-weight: 400;\"> (-7.9%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/15272\/RI\/Providence\"><span style=\"font-weight: 400;\">Providence, RI<\/span><\/a><span style=\"font-weight: 400;\"> (-8.6%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/13201\/NJ\/New-Brunswick\/filter\"><span style=\"font-weight: 400;\">New Brunswick, NJ<\/span><\/a><span style=\"font-weight: 400;\"> (-10.3%).<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Investors Lose the Most Market Share in Atlanta, Charlotte and Phoenix<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Investors lost market share in 15 of the 40 markets Redfin analyzed. Many of those markets are places where investor purchases dropped significantly. In Atlanta, investors bought one-quarter (24.6%) of homes purchased in the fourth quarter, down from more than one-third (36.2%) a year earlier. That\u2019s the largest percentage-point drop among the metros in this analysis. Next came Charlotte (-11.1 pts), Phoenix (-9.3 pts), Las Vegas (-7.9 pts) and Jacksonville (-7.3 pts).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors gained the most market share in Baltimore, where they bought 19.4% of homes purchased, up from 13% a year earlier (6.4 pts). Next came <\/span><a href=\"https:\/\/www.redfin.com\/city\/15502\/PA\/Philadelphia\"><span style=\"font-weight: 400;\">Philadelphia<\/span><\/a><span style=\"font-weight: 400;\"> (4.3 pts), New York (4.3 pts), Nassau County, NY (4.1 pts) and Milwaukee (4 pts).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, investors had the highest market share in <\/span><a href=\"https:\/\/www.redfin.com\/city\/11458\/FL\/Miami\/\"><span style=\"font-weight: 400;\">Miami<\/span><\/a><span style=\"font-weight: 400;\">, where they bought 30.6% of homes purchased in the fourth quarter. It was followed by Jacksonville (26.6%), Atlanta (24.6%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/517\/CA\/Anaheim\"><span style=\"font-weight: 400;\">Anaheim, CA<\/span><\/a><span style=\"font-weight: 400;\"> (22.6%) and Charlotte (22.4%). They had the lowest market share in <\/span><a href=\"https:\/\/www.redfin.com\/city\/20734\/MI\/Warren\"><span style=\"font-weight: 400;\">Warren, MI<\/span><\/a><span style=\"font-weight: 400;\"> (9%), <\/span><a href=\"https:\/\/www.redfin.com\/city\/16163\/WA\/Seattle\"><span style=\"font-weight: 400;\">Seattle<\/span><\/a><span style=\"font-weight: 400;\"> (9.6%), Providence (9.6%), <\/span><a href=\"https:\/\/www.redfin.com\/county\/2406\/PA\/Montgomery-County\"><span style=\"font-weight: 400;\">Montgomery County, PA<\/span><\/a><span style=\"font-weight: 400;\"> (10.5%) and <\/span><a href=\"https:\/\/www.redfin.com\/city\/10943\/MN\/Minneapolis\"><span style=\"font-weight: 400;\">Minneapolis<\/span><\/a><span style=\"font-weight: 400;\"> (10.6%).<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Investor Purchases of Single-Family Homes Sink 50%\u2014More Than Any Other Property Type<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Investor purchases of single-family homes fell a record 49.8% year over year in the fourth quarter, more than any other property type. Investor purchases of condos\/co-ops decreased 35.6%, while purchases of townhouses and multi-family properties both slumped 31.1%.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-75825\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-prop-type-chart.png\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-prop-type-chart.png 800w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-prop-type-chart-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-prop-type-chart-768x576.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Demand for single-family homes surged during the pandemic as scores of people left condos and apartments in cities for more room in the suburbs, but that demand has eased as the pandemic has subsided and many people have returned to the office and city life.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Still, single-family homes remain the most popular property type among investors, representing 69.6% of investor purchases in the fourth quarter. Condos\/co-ops came in second, at 17.7%, followed by townhouses (7.3%) and multi-family properties (5.3%).<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Investor Purchases of Pricey Homes Fall More Than Purchases of Affordable Homes<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Investor purchases of mid-priced homes declined 58% year over year in the fourth quarter and investor purchases of high-priced homes fell 53.2%. By comparison, investor purchases of low-priced homes fell 28.6%.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-75826\" src=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-price-tier-chart.png\" alt=\"\" width=\"800\" height=\"600\" srcset=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-price-tier-chart.png 800w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-price-tier-chart-300x225.png 300w, https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/final-investor-price-tier-chart-768x576.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">The market for high-end goods tends to slow at a relatively <\/span><a href=\"https:\/\/www.redfin.com\/news\/luxury-home-sales-november-2022\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">sharp pace<\/span><\/a><span style=\"font-weight: 400;\"> during economic downturns as consumers trim fat from their budgets. The lion\u2019s share of i<\/span><span style=\"font-weight: 400;\">nvestors also generally gravitate toward lower-priced homes, which offer more room to generate profits. Low-priced homes made up 48.2% of investor home purchases in the fourth quarter, while mid-priced and high-priced homes both represented roughly 26%.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors also had the highest market share in the low-priced market; they bought 24.1% of low-priced homes that sold in the fourth quarter, compared with 15% of high\u2013priced homes and 13.8% of mid-priced homes.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A record 39.5% of investor purchases in the fourth quarter were starter homes, or homes with 1,400 or fewer square feet.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Metro-Level Summary: Investor Home Purchases, Q4 2022<\/span><\/h3>\n<p><i><span style=\"font-weight: 400;\">The table below includes the 40 most populous metros for which data was available.<\/span><\/i><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Metro area<\/b><\/td>\n<td><b>Investor purchases, YoY change<\/b><\/td>\n<td><b>Total value of homes bought by investors<\/b><\/td>\n<td><b>Median sale price of homes bought by investors<\/b><\/td>\n<td><b>Share of purchased homes bought by investors<\/b><\/td>\n<td><b>Share of purchased homes bought by investors, YoY change (percentage points)<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Anaheim, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-39.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,662,352,273<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,075,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.2 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Atlanta, GA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-62.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,385,020,986<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$272,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">24.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-11.7 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Baltimore, MD<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$374,020,273<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$160,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6.4 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Charlotte, NC<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-61.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$704,208,236<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$286,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">22.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-11.1 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Chicago, IL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-29.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$662,204,022<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$225,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.0 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cincinnati, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-12.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$230,170,771<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$150,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.4 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Cleveland, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-12.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$178,834,979<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$105,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.1 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Columbus, OH<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-42.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$257,052,387<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$199,250<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.6 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Denver, CO<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-50.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$770,633,837<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$500,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">15.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.2 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Detroit, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-29.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$98,732,265<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$85,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.1 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Fort Lauderdale, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-37.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$775,621,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$320,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.1 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Jacksonville, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-57.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$413,863,722<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$249,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">26.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-7.3 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Las Vegas, NV<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-67.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$646,235,700<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$379,540<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-7.9 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Los Angeles, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-43.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$4,120,047,046<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,025,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">19.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Miami, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-35.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,544,074,625<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$425,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">30.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.1 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Milwaukee, WI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-7.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$171,002,882<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$160,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.0 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Minneapolis, MN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-38.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$409,168,441<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$288,200<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-0.4 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Montgomery County, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-11.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$153,326,821<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$280,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.8 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nashville, TN<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-54.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$489,757,569<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$357,950<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-5.7 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Nassau County, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-63.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$320,751,977<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$575,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.1 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New Brunswick, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-10.3%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$468,581,223<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$375,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.2 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">New York, NY<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-7.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$2,958,588,566<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$750,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">18.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.3 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Newark, NJ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-13.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$253,855,983<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$387,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.7 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Oakland, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-33.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$936,723,591<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,000,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.9 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Orlando, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-51.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$640,284,831<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$312,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">21.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-5.7 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Philadelphia, PA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-18.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$186,177,491<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$130,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4.3 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Phoenix, AZ<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-66.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,587,170,877<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$399,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-9.3 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Portland, OR<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-46.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$349,699,305<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$503,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-1.0 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Providence, RI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-8.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$116,027,351<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$303,750<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.7 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Riverside, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-53.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$803,006,874<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$500,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.1%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.2 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Sacramento, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-53.5%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$574,633,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$570,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">16.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-2.4 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Diego, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-47.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,425,714,409<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$905,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.0 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Francisco, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-37.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,185,937,300<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,781,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.9%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.4 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">San Jose, CA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-36.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$736,258,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$1,555,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">14.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.3 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Seattle, WA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-42.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$647,661,446<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$795,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Tampa, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-50.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$918,199,490<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$290,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">20.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-5.6 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Virginia Beach, VA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-21.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$137,000,729<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$175,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">12.2%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.7 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Warren, MI<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-29.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$110,554,643<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$147,500<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9.0%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0.2 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Washington, D.C.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-24.6%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$675,342,852<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$415,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">10.7%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">3.0 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">West Palm Beach, FL<\/span><\/td>\n<td><span style=\"font-weight: 400;\">-11.4%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$957,613,044<\/span><\/td>\n<td><span style=\"font-weight: 400;\">$390,000<\/span><\/td>\n<td><span style=\"font-weight: 400;\">17.8%<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.4 pts<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>National\u2014U.S.A.<\/b><\/td>\n<td><b>-45.8%<\/b><\/td>\n<td><b>$31,036,111,817<\/b><\/td>\n<td><b>$425,926<\/b><\/td>\n<td><b>17.8%<\/b><\/td>\n<td><b>-1.6 pts<\/b><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span style=\"font-weight: 400;\">Methodology<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For this analysis, we looked at county sale records for homes purchased from January 2000 through December 2022. We define an investor as any buyer whose name includes at least one of the following keywords: LLC, Inc, Trust, Corp, Homes. We also define an investor as any buyer whose ownership code on a purchasing deed includes at least one of the following keywords: association, corporate trustee, company, joint venture, corporate trust. This data may include purchases made through family trusts for personal use.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We analyzed home sales in the 50 most populous metro areas, but only included 40 metros in this report due to non-disclosure of sale prices in some counties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For the price-tier analysis, we looked at all home sales in a given year and sorted each sale into one of three buckets: low-priced, mid-priced or high-priced. Low-priced means a home\u2019s sale price was in the bottom tercile of local sale prices, while mid-priced means it was in the middle tercile and high-priced means it was in the top tercile.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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%\u2014more than all of the other metros Redfin analyzed. Investors pulled back from single-family homes more than [&hellip;]<\/p>\n","protected":false},"author":13346,"featured_media":75821,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"default","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,582],"tags":[36,73,20,88],"dashboard":[],"coauthors":[125,115],"class_list":["post-75820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-housing-market-news","category-investors","tag-economics","tag-finance","tag-housing-affordability","tag-renting"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Investors Are Buying About Half as Many Homes as They Were a Year Ago<\/title>\n<meta name=\"description\" content=\"Investor home purchases fell a record 46% year over year in the fourth quarter. Some pandemic boomtowns saw declines of more than 60%.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago\" \/>\n<meta property=\"og:description\" content=\"Investor home purchases fell a record 46% year over year in the fourth quarter. Some pandemic boomtowns saw declines of more than 60%.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Redfin Real Estate News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/redfin\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-15T13:00:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/615-8th-St.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"2160\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Lily Katz, Sheharyar Bokhari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@redfin\" \/>\n<meta name=\"twitter:site\" content=\"@redfin\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lily Katz, Sheharyar Bokhari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"10 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/\"},\"author\":{\"name\":\"Lily Katz\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/61b1278179ed9d76570212c0c595396f\"},\"headline\":\"Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago\",\"datePublished\":\"2023-02-15T13:00:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/\"},\"wordCount\":1822,\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/615-8th-St.webp\",\"keywords\":[\"Economics\",\"Finance\",\"Housing Affordability\",\"renting\"],\"articleSection\":[\"Housing Market News\",\"Investors\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/\",\"name\":\"Investors Are Buying About Half as Many Homes as They Were a Year Ago\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/615-8th-St.webp\",\"datePublished\":\"2023-02-15T13:00:34+00:00\",\"description\":\"Investor home purchases fell a record 46% year over year in the fourth quarter. Some pandemic boomtowns saw declines of more than 60%.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/615-8th-St.webp\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/615-8th-St.webp\",\"width\":1800,\"height\":1200},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/investor-home-purchases-q4-2022\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.redfin.com/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#website\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"name\":\"Redfin Real Estate News\",\"description\":\"The latest real estate news and research from technology-powered residential real estate company, Redfin.\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.redfin.com/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#organization\",\"name\":\"Redfin\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com\\\/news\\\/wp-content\\\/uploads\\\/2020\\\/10\\\/Redfin-News-Logo.png\",\"width\":1100,\"height\":235,\"caption\":\"Redfin\"},\"image\":{\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/redfin\",\"https:\\\/\\\/x.com\\\/redfin\",\"https:\\\/\\\/www.instagram.com\\\/redfinrealestate\\\/\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/redfin\",\"https:\\\/\\\/www.pinterest.com\\\/redfin\\\/\",\"https:\\\/\\\/en.wikipedia.org\\\/wiki\\\/Redfin\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/#\\\/schema\\\/person\\\/61b1278179ed9d76570212c0c595396f\",\"name\":\"Lily Katz\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg170bf170d167b138a07120b77fbb41ab\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg\",\"contentUrl\":\"https:\\\/\\\/www.redfin.com/news\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/Lily_Katz-150x150.jpg\",\"caption\":\"Lily Katz\"},\"description\":\"As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.\",\"url\":\"https:\\\/\\\/www.redfin.com/news\\\/author\\\/lily-katzredfin-com\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Investors Are Buying About Half as Many Homes as They Were a Year Ago","description":"Investor home purchases fell a record 46% year over year in the fourth quarter. Some pandemic boomtowns saw declines of more than 60%.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/","og_locale":"en_US","og_type":"article","og_title":"Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago","og_description":"Investor home purchases fell a record 46% year over year in the fourth quarter. Some pandemic boomtowns saw declines of more than 60%.","og_url":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/","og_site_name":"Redfin Real Estate News","article_publisher":"https:\/\/www.facebook.com\/redfin","article_published_time":"2023-02-15T13:00:34+00:00","og_image":[{"width":2160,"height":1440,"url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/615-8th-St.webp","type":"image\/webp"}],"author":"Lily Katz, Sheharyar Bokhari","twitter_card":"summary_large_image","twitter_creator":"@redfin","twitter_site":"@redfin","twitter_misc":{"Written by":"Lily Katz, Sheharyar Bokhari","Est. reading time":"10 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/#article","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/"},"author":{"name":"Lily Katz","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/61b1278179ed9d76570212c0c595396f"},"headline":"Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago","datePublished":"2023-02-15T13:00:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/"},"wordCount":1822,"publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"image":{"@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/615-8th-St.webp","keywords":["Economics","Finance","Housing Affordability","renting"],"articleSection":["Housing Market News","Investors"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/www.redfin.com\/news\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/","url":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/","name":"Investors Are Buying About Half as Many Homes as They Were a Year Ago","isPartOf":{"@id":"https:\/\/www.redfin.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/#primaryimage"},"image":{"@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/#primaryimage"},"thumbnailUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/615-8th-St.webp","datePublished":"2023-02-15T13:00:34+00:00","description":"Investor home purchases fell a record 46% year over year in the fourth quarter. Some pandemic boomtowns saw declines of more than 60%.","breadcrumb":{"@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/#primaryimage","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/615-8th-St.webp","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/02\/615-8th-St.webp","width":1800,"height":1200},{"@type":"BreadcrumbList","@id":"https:\/\/www.redfin.com\/news\/investor-home-purchases-q4-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.redfin.com\/news\/"},{"@type":"ListItem","position":2,"name":"Investors Are Buying Roughly Half as Many Homes as They Were a Year Ago"}]},{"@type":"WebSite","@id":"https:\/\/www.redfin.com\/news\/#website","url":"https:\/\/www.redfin.com\/news\/","name":"Redfin Real Estate News","description":"The latest real estate news and research from technology-powered residential real estate company, Redfin.","publisher":{"@id":"https:\/\/www.redfin.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.redfin.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.redfin.com\/news\/#organization","name":"Redfin","url":"https:\/\/www.redfin.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2020\/10\/Redfin-News-Logo.png","width":1100,"height":235,"caption":"Redfin"},"image":{"@id":"https:\/\/www.redfin.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/redfin","https:\/\/x.com\/redfin","https:\/\/www.instagram.com\/redfinrealestate\/","https:\/\/www.linkedin.com\/company\/redfin","https:\/\/www.pinterest.com\/redfin\/","https:\/\/en.wikipedia.org\/wiki\/Redfin"]},{"@type":"Person","@id":"https:\/\/www.redfin.com\/news\/#\/schema\/person\/61b1278179ed9d76570212c0c595396f","name":"Lily Katz","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg170bf170d167b138a07120b77fbb41ab","url":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","contentUrl":"https:\/\/www.redfin.com\/news\/wp-content\/uploads\/2023\/09\/Lily_Katz-150x150.jpg","caption":"Lily Katz"},"description":"As a data journalist, Lily is passionate about helping readers understand complex facets of the housing market. She is particularly interested in the issues of climate change, race and gender equality and housing affordability. Prior to working at Redfin, Lily spent four years as a reporter at Bloomberg News in New York City.","url":"https:\/\/www.redfin.com\/news\/author\/lily-katzredfin-com\/"}]}},"_links":{"self":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/75820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/users\/13346"}],"replies":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/comments?post=75820"}],"version-history":[{"count":0,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/posts\/75820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media\/75821"}],"wp:attachment":[{"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/media?parent=75820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/categories?post=75820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/tags?post=75820"},{"taxonomy":"dashboard","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/dashboard?post=75820"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.redfin.com\/news\/wp-json\/wp\/v2\/coauthors?post=75820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}