Amongst the competitive real estate markets, it’s not just first-time home buyers or sellers looking to downsize or expand. A good chunk of the competition is investors.
According to a report by Redfin, investors purchased approximately 80,000 homes across the country, totaling 18.4% of all homes purchased in the fourth quarter of 2021. This is a record high for investor purchases, with a total of $50 billion spent on investment properties during the quarter.
