He bought the house 9 months ago. Then the ocean swept it away. Ralph Patricelli had grand plans for the vacation home at 24235 Ocean Drive in Rodanthe, on a spit of land in the middle of North Carolina’s Outer Banks. He and his sister purchased the four-bedroom waterfront home in August for $ 550,000.
Investors Bought a Record 18% of Homes Sold in Q3 According 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