by Calculated Risk on 7/17/2022 09:58:00 AM
Today, in the Calculated Risk Real Estate Newsletter: Record Single Family Investor Buying in Q1, Possible evidence of Slowdown in Q2
A brief excerpt:
In its quarterly report on “investor” home buying activity, CoreLogic reported that SF homes purchased by “investors – defined as entities (individual or corporate) who retained at least three properties simultaneously within the last 10 years – increased to a record high of 27.6% in the first quarter of 2022, up from 24.8% in the fourth quarter of 2021 and 19.2% from the first quarter of 2021.
…CR Notes: Investors pulling back could be a factor in less housing demand. Housing analyst Ivy Zelman said last week about non-primary buyers (edited slightly for clarity):
[We are seeing less] demand and seasonally worse than normal activity and increasing [cancellations] … And I do think the non-primary is a big factor.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/