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Why the Increase in Single-Family Home Sales to Investors?
Manage episode 421413295 series 2915908
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Investor purchases of single-family homes increased last month. According to a new Redfin report shows investors captured more of the single-family market in the first quarter than they did a year earlier. And it was the first time for this kind of activity since mid-2022. I’m Kathy Fettke and this is Real Estate News for Investors. If you’d like to increase your share of the real estate market, join me on our upcoming real estate tour on June 8th in San Antonio. We'll have a meet and greet the night before somewhere very cool and then tour properties, including brand new duplexes and quads that come with a 4.25% interest rate. Yes you heard me right. RealWealth has negotiated a deal with the builder to buy down rates, so check it out at newsforinvestors.com. You’ll find our upcoming webinars and property tours under the “Connect” tab. And you won't be alone. As the Redfin report shows, investors are scooping up as many residential properties as they can. Redfin says that investors bought about 44,000 homes in the first quarter or 18.7% of all the homes purchased in the US. That’s up from 17.9% the year before, and represents a .5% increase. The numbers represent all homes including single-family homes, townhomes, condos and multifamilies, but Redfin says the surge was mostly driven by investors buying single-family homes. Redfin says that single-family homes accounted for 69.9% of all the residential properties bought by investors. The analysis included a look at 39 of the largest US metros by both large and small investors... ...You’ll find a link to the Redfin report in the show notes at newsforinvestors.com. Don’t forget to subscribe to the podcast! Thanks for joining me for Real Estate News for Investors. Kathy Links: 1 - https://www.businesswire.com/news/home/20240515822104/en/Redfin-Reports-Investor-Home-Purchases-Rise-for-the-First-Time-in-Nearly-Two-Years 2 - https://www.redfin.com/news/investor-home-purchases-q1-2024/
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