Investors Pullback 29% from Single Family Home Purchases in 2023

The Wall Street Journal reports that 2023 analysis through Q3 indicates the decline in investor purchases of single-family homes could be the largest annual drop in 20 years. Due to higher interest rates and home prices, non-investor purchases fell off by 19% compared to investor purchases declining by 29%. Survey results show that institutional investors and smaller investors alike are not planning to increase purchases in 2024.

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