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…
By KIMBERLEY HAAS Democratic lawmakers introduced a bill this week that would restrict tax breaks for corporate investors that purchase large quantities of homes. If passed, the Stop Predatory Investing Act would prohibit investors who acquire 50 or more single-family homes for rental purposes from deducting interest or depreciation on those properties. U.S. Sen. Sherrod Brown (D-Ohio),…
Salt Lake City was a pandemic hot spot but as the housing market evens out across the nation, one senior loan officer who works in the metropolitan area says buyers are seeing some relief. According to data from Redfin, home prices in Salt Lake City were down 8.5% in March compared to last year, selling…
End of content
End of content
Before You Go, Get the Latest News and UPDATES!
Stay Tuned!