Nearly 27% of all homes sold in the first three months of the year were bought by investors.
Nearly 27% of all homes sold in the first three months of the year were bought by investors.
LOS ANGELES Real estate investors are snapping up a bigger share of U.S. homes on the market as rising prices and stubbornly high borrowing costs freeze out many other would-be homebuyers.
Nearly 27% of all homes sold in the first three months of the year were bought by investors — the highest share in at least five years, according to a report by real estate data provider BatchData.
Between 2020 and 2023, the share of homes bought by investors averaged 18.5%.
All told, investors bought 265,000 homes in the January-March quarter, an increase of 1.2% from the same period a year earlier, the firm said.
Despite the modest annual increase, the rise in the share of investor home purchases is more a reflection of how much the housing market has slowed as traditional buyers face growing affordability constraints, according to BatchData.
