Friday, February 25, 2022

I'm sure it's fine.

18% of US homes bought by investors, highest this century.

"Home prices in the United States increased at the fastest rate on record in 2021. That’s drawn in a flood of investors looking to cash in on the boom.

What’s happening: Investors bought 18.4% of homes sold across the country during the last three months of the year, according to Redfin. That’s an all-time high on records dating back to 2000."

I wonder what happens when those investors can't turn houses? Said in the most sarcastic way.

3 comments: