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Real estate investors purchased 16% of homes in Q3 2024

Housing Wire

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% Investors purchased $38.8 of investor purchases. .”

Investors 488
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Investor purchases are sinking with the housing market at large

Housing Wire

Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year. Investor purchases at the national level peaked in June 2021 at 148,670. compared to September 2023.

Investors 448
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Investor Home Purchases Begin to Plateau

Appraisal Buzz

A new study from Redfin found that real estate investors purchased 2.3% For instance, investor purchases surged as much as 144% year-over-year in 2021, then dropped as much as 47% last year. Investor home purchases have settled near pre-pandemic levels of around 50,000 per quarter, with typical seasonal difficulties.

Investors 397
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SFR investors scaled back home buying in 2024

Housing Wire

Texas and Florida also saw high investor activity, with Dallas standing out as a particularly competitive market where all top 10 buyers had a presence. Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin.

Investors 380
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Home Investors Pull Back as Rates and Prices Remain High

Appraisal Buzz

Stubbornly elevated mortgage rates and home prices are discouraging investor activity in the U.S. According to a new report from CoreLogic , while investor activity rose slightly between the second and third quarters of 2024, their market share remains below last years level25% compared to 28% in 2023. housing market.

Investors 397
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Investor home purchases are sinking, and it’s most evident in Florida

Housing Wire

Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin. Investors purchased 47,004 homes during the quarter, marking a 3.9% Florida leads the investor pullback Investors accounted for 17.1%

Investors 354
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Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices

Housing Wire

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. On a national scale, 46% of investors reported facing more competition for deals than expected.

Investors 434