The catch phrase, "buying a home is a great investment" may well be true, and according to new data, it's investors who are getting the biggest bang for their purchases.
Investors pay for most of their purchases with cash and are typically paying less for homes than consumer homebuyers, a new report by RealtyTrac finds.
Investors across the country paid an average of 29.4% less than consumers in Q2 2021 with a median purchase price of $205,000 for investors compared to $290,230 for all home purchases, the report, which used ATTOM home sales data, found. According to the analysis:
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
