Investor home purchases rise 1% to 52,000 in Q3; Redfin reports market share remains steady amidst muted activity.
In Seattle, U.S. investor home purchases increased by 1% year over year during the third quarter, totaling around 52,000 properties. A recent report from Redfin, a real estate brokerage powered by Rocket, revealed this trend. Investor activity has remained steady due to similar factors causing overall stagnancy in the housing market. The current market conditions contrast sharply with those that led to the significant surge in investments during the pandemic. As a result, many potential buyers are finding themselves unable to enter the market due to high prices.
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