- Investor home purchases rose 3% year over year in the second quarter amid strong demand from renters, many of whom can’t afford to buy homes.
- Investors bought 1 of every 6 U.S. homes that sold—purchasing $43 billion worth of properties—and 1 of every 4 low-priced homes that sold.
- Single-family homes were the most popular property type among investors, making up 69% of their purchases.
- Investor home purchases rose most in San Jose and Las Vegas, and fell most in Fort Lauderdale and Providence.
Investor purchases of U.S. homes rose 3.4% year over year in the second quarter—the largest increase since the second quarter of 2022.
Investors purchased $43 billion worth of homes in the second quarter, up 13.7% from a year earlier—also the biggest gain in two years.
This is based on a Redfin analysis of county home purchase records across 39 of the most populous U.S. metropolitan areas going back through 2000. We define an investor as any institution or business that purchases residential real estate, meaning this report covers both institutional and mom-and-pop investors.
Investor activity in the housing market is stabilizing following several years of dramatic ups and downs. Investor home purchases more than doubled during the pandemic homebuying boom in 2021, and then plunged nearly 50% last year as declining rents and home values ate into potential profits.
“One reason real estate investors are coming out of hibernation is to take advantage of robust demand…
