- 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 homes made up a record 2 in 5 investor purchases.
Trending
Investor Home Purchases Fell Record 49% Year Over Year Q1
A For Sale sign is posted in front of a property in Monterey Park, California on August 16, 2022. - The US housing market is declining amid higher interest rates with fewer starts and more cancelled deals. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)
