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A New Record for Real Estate Investors
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:04:19
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Sinopsis
Real estate investors were very busy in the second half of last year. A new Redfin study shows that they purchased a record share of U.S. homes in the fourth quarter. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. The Redfin study shows that investors bought about 80,000 homes in the fourth quarter. That’s about 18.4% of all residential real estate sales for that time period. The investor home purchase share was 17.4% in the third quarter, and 12.6% a year earlier. (1) Share vs. Numbers While investors accounted for a record share of residential real estate purchases in the fourth quarter, the number of homes they bought dropped about 9% from the third quarter. They purchased about 88,000 homes in Q3 compared to 80,000 in Q4. The dip in quantity is due to the lack of inventory affecting all homebuyers. Redfin says it’s also due to typically slower sales at the end of the year. Investors have been buying more homes despite skyr