US Investor Home Purchases Post Biggest Drop Since 2023: Redfin

US Investor Home Purchases Post Biggest Drop Since 2023: Redfin

High housing costs, a cloudy economic outlook and stubborn interest rates led to a 6 percent year-over-year dip in investor home purchases in the second quarter, the biggest drop since the fourth quarter of 2023, online real estate brokerage Redfin reported on Sept. 4. U.S. investors purchased roughly 52,000 homes in the quarter, the lowest number since 2020, Redfin said in its quarterly report of county-level housing sales data from 39 of the c…

Investor home purchases fall to lowest Q2 level since 2020

Condos are leading the decline as high costs and softening rents cool returns for institutions.

Q2 Investor Purchases Fall to Five-Year Low - The MortgagePoint

Real estate investors are reportedly pulling back from the market in the face of the same headwinds facing individual homebuyers, with economic uncertainty pushing investor purchases to their lowest springtime level since 2020.