Yahoo Finance | Real estate investors snapped up over 25% of affordable US homes last quarter — the highest share on record.

Mar 11, 2024

Across the country, home buyers turning over rocks to find their first homes are now competing with wealthy investors seeking to pad their portfolios with cheap properties.In fact, investors bought 26.1% of low-priced U.S. homes that sold in the fourth quarter, according to a recent Redfin report. That’s not only the highest share on record, it’s also a stunning 24% surge from last year.

Source: ‘Profit centers for Wall Street’: Real estate investors snapped up over 25% of affordable US homes last quarter — the highest share on record. Is the free market hurting hopeful home buyers?

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