Real estate investors are increasingly stepping in to purchase homes, with a record 14.8% of home purchases in Q1 2024 attributed to investors, according to the Realtor.com 2024 Q1 Investment Report. Small investors, defined as those with 10 or fewer homes, are leading the charge, making up 62.6% of investor purchases during this period. This trend is particularly pronounced in affordable markets, especially in the Midwest and South. Notably, Springfield, MO, tops the list with investors purchasing 20.5% of homes. As high interest rates and inflation persist, these markets offer attractive opportunities for steady rental income. #RealEstate #Investment #AffordableHousing #Midwest
Small Investors Dominate Real Estate Market
With high interest rates sidelining average homebuyers, real estate investors are capitalizing on the market, making up a record 14.8% of home purchases in Q1 2024. Small investors, those with 10 or fewer homes, are increasingly active, especially in affordable cities like Springfield, MO, Kansas City, MO, and St. Louis, MO. The trend reflects a shift from large to small investors, driven by rising home prices and mortgage rates. Investors seek affordable markets with rising rents, making the Midwest and South particularly appealing. This surge is reshaping the housing market, emphasizing rental over for-sale inventory. #Investing #RealEstateTrends #SmallInvestors #MarketShift
