Investors are snapping up homes at a furious rate β€” in some regions they bought up to 20% of houses for sale

First-time homebuyers who struggled to snag a property this past spring might have been competing with deep-pocketed investors. While the share of investor purchases has fallen from its February peak of 9.7%, investors still scooped up 9.5% of homes in April, up 64% from the same time in 2019 and just about double the share of homes they purchased at the same point in 2015, according to a new analysis from Realtor.com. β€œIn the shorter term, everyday home shoppers should be prepared to face tough competition from a group that has deep pockets, often filled with cash,” Realtor.com chief economist Danielle Hale said in a statement.
Click Here To Get Funded!