Investors Are Back, Buying 26% Of America’s Most Affordable Homes

With mortgage rates beginning to moderate, investors are back and snapping up the most wanted homes on the market. Investors bought 26% of America’s lowest-priced homes in Q4 2023, according to a new report from Redfin, a record-high share and up from 24% at the same time last year. By comparison, they bought 13.6% of mid-priced homes that sold and 15.9% of high-priced homes, both increases. Investors are more choosey now than they have been in recent memory, looking for lower-cost homes they can rent or flip for better profits. “I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by.…