Reported about 2 months ago
Redfin has revealed that real estate investors are increasingly buying homes, with a 3% rise in investor purchases year-over-year during the second quarter, totaling $43 billion. Investors, particularly favoring single-family homes, are capitalizing on strong demand from renters despite challenging affordability for traditional buyers. Notably, San Jose and Las Vegas have seen significant investor activity, with many buying lower-priced homes as an income-generating strategy. With only 5% of investor sales resulting in a loss, the current market continues to offer healthy returns for real estate investors.
Source: YAHOO