Remember the crazy housing market during the pandemic when investors with bulging wallets swooped in, buying houses with piles of cash? Now, things are starting to cool down. Investor cash purchases dropped to 64% in the first quarter of 2024, according to a recent Realtor.com report. That's a big change from late 2021 when 69.7% of investors paid in cash to win bidding wars, and it's the lowest share of cash buyers since 2008. Don't Miss: A billion-dollar investment strategy with minimums as lo
  • @SeattleRainOPMEnglish
    1•3 months ago

    Despite rising interest rates, the shift toward financing among investors is largely driven by the increasing dominance of small-scale investors. Small investors – those with 10 or fewer home purchases since 2001 – accounted for 62.6% of investor purchases in the first quarter, according to Realtor.com. This marks the highest proportion of small investors in the dataset’s history, indicating a significant change in the investor landscape.

    Small investors = bag holders.