Single-family home investment experienced a summer surge in 2021, making up for the irregular patterns created since the pandemic, CoreLogic reported.
In May and June, investors made nearly a quarter of all purchases. Some bounce-back in investor activity was expected as the pandemic dampened, but a rise in the summer months is something that has not been seen in the past 10 years.
Large investors (those who retain 100 or more properties) are largely responsible for this rise. Of all investor purchases made in June 2021, 20% were made by large investors. This is much higher than 11% in 2020 or 14% in 2019.
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