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Real estate investors purchased 16% of homes in Q3 2024

Housing Wire

housing market slowed down in the third quarter due to rising home prices and higher mortgage rates , investor purchases also ramped down, according to a new report by Redfin. The Seattle-based brokerage found that real estate investor purchases dropped by 2.3% Investors purchased $38.8 of investor purchases. .”

Investor 488
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Investor purchases are sinking with the housing market at large

Housing Wire

Real estate investors tend to be more insulated from these dynamics, particularly from mortgage rates, as they are more likely to buy properties with cash. But even investors have purchased fewer homes this year. Investor purchases at the national level peaked in June 2021 at 148,670. compared to September 2023.

Investor 448
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Investor home purchases are sinking, and it’s most evident in Florida

Housing Wire

Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin. Investors purchased 47,004 homes during the quarter, marking a 3.9% Florida leads the investor pullback Investors accounted for 17.1%

Investor 354
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SFR investors scaled back home buying in 2024

Housing Wire

Texas and Florida also saw high investor activity, with Dallas standing out as a particularly competitive market where all top 10 buyers had a presence. Real estate investors bought fewer homes in the fourth quarter of 2024, with purchases falling to the lowest level for any fourth quarter since 2016, according to a new report from Redfin.

Investor 380
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors. This is why social media is essential for any real estate professional! You can also keep an eye on your competitors in the field to prevent you from falling behind.

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Fix-and-flip investors say they’re discouraged by higher mortgage rates, home prices

Housing Wire

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. On a national scale, 46% of investors reported facing more competition for deals than expected.

Investor 434
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Dominion Financial creates AI assistants for real estate investors, mortgage brokers

Housing Wire

On Monday, the company announced the addition of two artificial intelligence-powered assistants to help real estate investors and mortgage brokers. Harvey will assist real estate investors while Donna is for mortgage brokers. “Real estate investors operate in a fast-moving environment.

Investor 345