Investor home purchases drop record amount in the third quarter
Investor home purchases fell by a record amount in the third quarter, outpacing the overall decline in home sales nationwide. A new report from the real estate company Redfin found that companies bought around 65,000 homes in the third quarter of 2022, which is down 30 percent from a year earlier. Investor activity dropped the most in single-family…
Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market
Investor buying of homes tumbled 30% in the third quarter, a sign that the rise in borrowing rates and high home prices that pushed traditional buyers to the sidelines are causing these firms to pull back, too.
Investor home purchases tumble 30% as rising mortgage rates cool housing market
A new Redfin report showed that investor home purchases plunged in the third quarter of the year as higher mortgage rates rapidly slow the housing market.
