Boston Real Estate Investors Association

Investors Bought a Record 18% of Homes Sold in Q3

Investors Bought a Record 18% of Homes Sold in Q3

Redfin logoAccording 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 and up 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.

investor share Q3 2021

Click here to read the full story at Redfin.com.

 

The post Investors Bought a Record 18% of Homes Sold in Q3 appeared first on Real Estate Investing Today.

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