Institutional investors are cooling on the housing market, putting cash purchases on the back burner where they used to dominate. The share of investors buying homes with cash fell to 64% in Q1 2024, Realtor.com found, its lowest point since 2008 and down from 69.7% in Q4 202. The reason? Mom-and-pop investors are increasing their…
Home flippers raked in profits in Q1 2024 but face headwinds moving forward as buyer demand cools. ATTOM’s U.S. Home Flipping Report found that 67,817 single-family homes and condominiums were flipped in the first quarter, accounting for one of every 12 home sales (8.7%) across the country. This was up from 7.7% of all home…
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),…
Home flipping profits fell across the country in 2021 despite a surge in the number of houses flipped, according to ATTOM Data Solution’s 2021 U.S. Home Flipping Report. The number of single-family homes and condos flipped in 2021 was 323,465, up from 257,091 in 2020 (+26%). This is the largest number of flips since nearly…
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