February 16, 2022 by Dana Anderson and Sheharyar Bokhari
Investors bought 18.4% of the U.S. homes that were purchased in the fourth quarter, a record high.
Investor demand is stronger than ever as home prices increase, allowing investors to charge higher rents and sell flipped homes for higher prices.
Real estate investors bought roughly 80,000 U.S. homes worth a total of $50 billion in the fourth quarter, up significantly from a year earlier.
Mid-priced homes are becoming more popular with investors, making up 32% of investor purchases in the fourth quarter, a record high. Low-priced homes are still most popular with investors, making up 37% of purchases.
Investors had the highest market shares in Atlanta, Charlotte and Jacksonville.
Comments