Housing Market News
Investors
Investor Home Purchases Rise for the First Time in Nearly Two Years
Investor purchases climbed 0.5% from a year earlier in the first quarter—the first uptick since mid-2022. California markets saw the largest increases, with investor purchases jumping more than 20% in San Jose and Oakland. Investors are coming off of the sidelines partly because they’re making more money; the typical home sold by an investor in
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
Investor Home Purchases Rise for the First Time in Nearly Two Years
Investor purchases climbed 0.5% from a year earlier in the first quarter—the first uptick since mid-2022. California markets saw the largest increases, with investor purchases jumping more than 20% in San Jose and Oakland. Investors are coming off of the sidelines partly because they’re making more money; the typical home sold by an investor in
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
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