Last year was a slump for investors in the housing world: mortgage rates were too high, home prices and rents were cooling. But things are picking up; in the first quarter of this year, “14.8% of sold homes were purchased by investors, the highest share on record,” according to Realtor.com.
Still, there’s a caveat. “Though investors took a bigger piece of the pie than in any other quarter, the pie was much smaller,” Realtor.com’s senior economics research analyst, Hannah Jones, wrote today. “Overall home sales fell to the lowest level in more than a decade, led by a decline in non-investor purchases.”
