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Real estate investors purchased 16% of homes in Q3 2024

Housing Wire

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% Investors purchased $38.8 As the U.S.

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Real estate investor optimism is rising: RCN Capital

Housing Wire

Real estate investor sentiment rose 16% from the prior quarter and 60% of surveyed investors view the current housing market more favorably than a year ago. ” In terms of forward-looking sentiments, 61% of respondents expect the market to continue improving, compared to 14% who expect it to decline.

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Report: Local Real Estate Investors on the Verge of Outperforming Builders

Appraisal Buzz

A new report from New Western, a national real estate investment marketplace, indicates that local real estate investors are poised to outperform traditional builders in several key markets. Boston investors sold flips at 7.8% In Boston, 4,347 flipped homes were sold in 2023 versus 3,166 new homes.

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Investor Home Purchases Begin to Plateau

Appraisal Buzz

A new study from Redfin found that real estate investors purchased 2.3% The small size of the change is notable because it comes after four years of huge swings driven by the wild pandemic-era housing market. Investors bought 49,380 homes in Q3, compared with 50,535 last year.

Investors 396
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Real estate investors have a ‘cautiously optimistic’ outlook: survey

Housing Wire

Single-family rental (SFR) investors are worried about the rising cost of home insurance, but the majority expect to buy more properties in the next year as mortgage rates cool and home-price growth subsides. Louis led the nation’s 20 largest markets for a second month in a row at 6.2%

Investors 459
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Report: Investor Home Purchases Surge

Appraisal Buzz

Investor activity in the U.S. housing market saw a significant uptick in the second quarter of 2024, with purchases rising 3.4% year-over-year—the largest increase since mid-2022, according to a new report by Redfin, a real estate brokerage. Despite the renewed investor interest, overall home purchases in the U.S.

Investors 370
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Opinion: The ripple effect on the U.S. housing market from China’s real estate crisis

Housing Wire

The real estate market in China, both commercial and residential, have been unwinding over the last few years. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. Growing demand While there is a chance of real estate assets in the U.S.