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Investors snap up growing share of US homes as traditional buyers struggle to afford one [View all]
To you, it's a home. To them, it's a Monopoly game.
https://abcnews.go.com/Business/wireStory/investors-snap-growing-share-us-homes-traditional-buyers-123560969
Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers.
Nearly 27% of all homes sold in the first three months of the year were bought by investors -- the highest share in at least five years, according to a report by real estate data provider BatchData.
Between 2020 and 2023, the share of homes bought by investors averaged 18.5%.
All told, investors bought 265,000 homes in the January-March quarter, an increase of 1.2% from the same period a year earlier, the firm said.
Nearly 27% of all homes sold in the first three months of the year were bought by investors -- the highest share in at least five years, according to a report by real estate data provider BatchData.
Between 2020 and 2023, the share of homes bought by investors averaged 18.5%.
All told, investors bought 265,000 homes in the January-March quarter, an increase of 1.2% from the same period a year earlier, the firm said.
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