In the latest developments in the mortgage industry, Redfin has reported a notable decline in the number of homes purchased by investors during the third quarter of the year. Specifically, the data indicates a 2.3% decrease in investor activity compared to the previous year. Notably, this decrease has led to a significant drop in market share for investors, marking the lowest levels seen since late 2020.
• Redfin reports a 2.3% year-over-year decrease in homes purchased by investors
• Investor market share hits lowest point since late 2020
• Implications for the housing market and potential trends in investment activity are being closely monitored by industry experts.
You can read this full article at: https://www.housingwire.com/articles/investors-purchased-less-homes-in-the-third-quarter-redfin/(subscription required)
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