Investors Buying Almost One-Fifth of All Houses
Investing in real estate is booming, with more homes being sold to investors than ever before. Need proof? Investors bought 90,215 homes in the third quarter of 2021, totaling $63.6 billion.
In the third quarter of 2021, investors made up 18% of home sales, up from 11% from last year at this time, according to analysis by Redfin. And because rents are at an all-time high, much of those investment homes will be used as rental property.
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Source Fool.com