Investor Home Purchases Sagged in Q4
As home sales surged and prices soared, real estate investors were no small part of the mix. CoreLogic says the share of home sales going to investors, large and small, climbed steadily during the pandemic, rising from around 14 percent in the spring of 2020 to a peak of 26.9 percent last October.
The data in the CoreLogic report, authored by economist Thomas Malone, is too limited, covering only the fourth quarter of 2021, to draw any solid conclusions, but they may be an early indication that investors are rethinking their business strategies.
Moore says that, after accounting for the largest share of home sales transactions in CoreLogic’s records in October, the investor portion slipped the following month for the first time since July 2020. It wasn’t a big decline, 1.5 percenta
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