According to a recent report from Redfin, real estate investors bought a record 18.2% of the U.S. homes purchased during Q3, 2021. This figure is up 2.1% from Q2 andup 7% from one year ago. As for numbers, in Q3 alone investors bought a record 90,215 homes - up 10.1% from Q2 and up 80.2% from one year ago. Redfin says this was the second-largest year-over-year gain on record.
"Increasing home prices fueled by an intense housing shortage have created opportunities for investors to reap big profits," said Redfin Senior Economist Sheharyar Bokhari.
Key takeaways:
- Investors purchased a record $64 billion worth of homes
- Single-family homes made up nearly three-quarters of investor purchases - an all-time high.
- Low-priced properties represented 36% of investor purchases, the smallest share on record.
Click here to read the full story at Redfin.com.
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