Almost one in every five U.S. homes sold in the third quarter of 2021 was purchased by an investor entity, rather than an individual looking to live in or rent out the residence, according to data from Redfin, a real estate brokerage.
Investors bought more than 90,000 houses totaling more than $63 billion, representing 18 percent of all homes sold in the quarter. The numbers all broke records in Redfin data reaching back to 2000.
