27% of homes sold, not 27% of US homes. The title is completely misleading.
Not a shocker, given high interest rates usually drive down prices, and investors are not getting mortgages. Great investment to keep value, not so much for growth.
Not a shocker, given high interest rates usually drive down prices, and investors are not getting mortgages. Great investment to keep value, not so much for growth.
I don’t know of any real estate investor who doesn’t use mortgages. The norm is interest-only mortgages and not paying down principal at all.
But anyway, the trend of corparations buying houses is really bad.
> Institutional investors that own 1,000 or more homes account for only about 2.2% of all investor-owned homes, the firm said.
> And that number could get smaller, amid signs that large institutional investors are scaling back home purchases.