Investor Home Purchases Fell 49 Percent in One Year

Investor Home Purchases Fell 49 Percent in One Year
A 'sold' sign is posted in front of a house in Washington, on Feb. 26, 2022. Stefani Reynolds/AFP via Getty Images
Efthymis Oraiopoulos
Updated:
0:00

The percentage of homes purchased by real estate investors fell 49 percent  compared with what they bought a year before, and overall home purchases fell 41 percent, according to real estate brokerage Redfin, which analyzed date from 40 major metros.

Something that may have led investors to retreat from the housing market likely are rising interest rates. Even though investors buy with cash, they use non-mortgage loans for renovations and other expenses.

Efthymis Oraiopoulos
Efthymis Oraiopoulos
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Efthymis Oraiopoulos is a news writer for NTD, focusing on U.S., sports, and entertainment news.
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