Investor home purchases hit record high

[Neil Narayan]

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to data released Thursday by Redfin.

That number of second-quarter investor purchases is up 15.1 percent from the first quarter of 2021, and up 106.7 percent year over year at the height of pandemic shutdowns.

https://www.inman.com/2021/07/...