Investors scooped up $64B in homes nationally in Q3

 

Investors scooped up record $64B in homes nationally in Q3

The third quarter was investors' most prolific one on record, accounting for a full 18.2% of homes that sold across the U.S.

That's according to Seattle-based Redfin Corp. (NASDAQ: RDFN), which found real estate investors snapped up 90,215 homes worth a combined $63.6 billion in Q3.

Daryl Fairweather, chief economist at Redfin, said the data doesn't discern how much of investor purchases are by institutionally backed groups or mom-and-pop investors, although she noted second-home purchases remain elevated.

 

Lower-middle priced units (75% to 100% of the regional median): Grew 9.3% year over year, up from 2.3% in September 2020.