Reported about 2 months ago
In the second quarter of 2024, investors purchased approximately 16.8% of homes sold in the U.S., up from 16% in the previous year, despite a general decline in home purchases. This increase marks the largest year-over-year growth since Q2 2022, with investors buying homes worth $43 billion in total. The report indicates that many investors are capitalizing on strong rental demand as high home prices and mortgage rates push homeownership out of reach for many Americans.
Source: YAHOO