Investors nationally 2022 vs. 2023

  • Investors purchases down 49% YOY. Largest decline historically
  • 13.5% of homes purchased by investors sold in March, 2023 were sold for less than they purchased it for
  • First Quarter 2022 was the largest purchase quarter for investors historically
  • First Quarter 2023 investors have moved from purchasing mid level priced homes to first quartile priced homes. Due to higher purchase prices and softening of rental needs in some markets
  • Investors purchasing 80% SFR & 20% condo/townhomes but townhome/condo purchases on upswing. Following crowd trends during and following pandemic.