Fewer Investors Buying Homes; Price Records Continue; Rates Drift Higher
In a report released on Monday, CoreLogic recaps investor activity in the housing market over the last decade. Its Investor Homebuying Report highlights purchase trends nationally by both investor size and the price tier of property purchased between 2011 and 2020. The report says, at the beginning of this period, in 2011, the country "had recently reemerged from the 2006* housing market crash," and foreclosed properties were flooding the market. Many investors were looking to buy potentially high growth residential properties at a discount during this period. That buying spree peaked in 2018 with a 16.8 percent investor share of sales. Then the pace of investment slowed. By the following year, the investment rate was 16.3 percent, falling to 15.5 percent in 2020. The report points out that
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