Investor Purchases of Single-Family Houses Plunges

Investor Purchases of Single-Family Houses Plunges

Investor Purchases of Single-Family Houses Plunged 32% in Q3, Plummeting the Most in “Pandemic Boomtowns” "The prospect of substantial home-price declines puts them at risk of losing money." Investor purchases of single-family houses plunged by 32.3% in Q3 compared to the same period last year, according to Redfin For example, American Homes 4 Rent, which in recent years has focused on buying build-to-rent developments, said that it had cut its purchases by 80% year-over-year This trend was also outlined by the National Association of Realtors through October, with nationwide existing home sales plunging 28% year-over-year, and the investors’ share of those plunging sales dropping further. Many investors are looking to offload properties," according to a local Redfin agent, Heather Kruayai: "Almost all of my listings right now are people looking to sell investment properties or second homes.

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