Investor Home Purchases Plunge!

 

 

Investor home purchases plunge!

 

Investor home purchases in metro Orlando plunged 52% year-over-year in the fourth quarter Why this story matters: Investor buyers In Orlando's housing market represented as much as 27% of homebuyers during the last two years. Many of those investors were deep-pocketed corporations that helped drive up Central Florida home prices. Here’s a closer look at how investor home deals fared in metro Orlando in Q4: Value of homes bought by investors: $640 million (down from $1.13 billion a year ago) Median price of homes bought by investors: $312,000 (up from $305,000 a year ago) Share of sold homes bought by investors: 21.7% (down from 27.4% a year ago) A big change from last year is fewer out-of-market hedge funds and iBuyers, like Opendoor, buying local homes.