Investor Home Purchases In Q1 Fell A Record 49% YOY
Redfin report finds investors pumped the brakes due to high mortgage rates, low inventory.
Redfin report finds investors pumped the brakes due to high mortgage rates, low inventory.
Second biggest decline in investor interest since 2008.
Investors lost market share for the second quarter in a row.
In dollar terms, home investing up over 10% year over year.
Spiking borrowing costs and home prices prompted real estate investors to lose steam, especially for high- and mid-priced homes.