The U.S. housing market experienced a slowdown during the second quarter of the year, but investors remained active in the market. According to a recent report by Redfin, the number of home purchases by investors increased by 3.4% year over year in Q2 2024, marking the largest rise since Q2 2022.
Key points from the report include:
– Despite the overall slowdown in the housing market, investors continued to make purchases, signaling confidence in the real estate market.
– The 3.4% increase in home purchases by investors demonstrates a strong interest in real estate opportunities during Q2 2024.
– Redfin’s findings suggest that investors are optimistic about the potential returns from residential properties, even in a challenging market environment.
You can read this full article at: https://www.housingwire.com/articles/investors-bought-one-in-six-homes-sold-in-q2-2024-redfin/(subscription required)
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