Latest News

CoreLogic: US Home Investor Share Remained High in Early Summer 2023

0

Today, in the CalculatedRisk Real Estate Newsletter: CoreLogic: US Home Investor Share Remained High in Early Summer 2023

Excerpt: Here are some excerpts from a CoreLogic report on investor buying: US Home Investor Share Remained High in Early Summer 2023 The sizable U.S. home investor share seen over the past two years held steady going into the summer. In March 2023, investors accounted for 27% of all single-family home purchases; by June, that number was almost unchanged at 26%.
Investors – by CoreLogic’s method – are still buying about a quarter of all homes in Q2 2023. Of course, the total number home bought by investors has declined somewhat.Figure 2 illustrates the number of U.S. home purchases made by both investors and non-investors through March 2023. In April, May and June of 2023, home investors made 85,000, 98,000 and 82,000 purchases, respectively. Over the course of the second quarter, this was an annual decline of 90,000 purchases. However, when compared with the same months in 2019, the increase in home investor activity rose by more than 43,000. When comparing that number with non-investors, who made 392,000 fewer purchases in Q2 2023 than in Q2 2019, it becomes clear how different the current market than it was in the previous few years.There is much more in the post.  You can subscribe at https://calculatedrisk.substack.com/

Weekly Initial Unemployment Claims Decrease to 239,000

Previous article

Realtor.com Reports Weekly Active Inventory Down 8% YoY; New Listings Down 8% YoY

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News