Investors Snapped Up 18% Of All Homes Purchased in Q3

Nearly 3 in 4 investor residential real estate purchases in the third quarter were of single-family homes, the highest level on record.

By Lynn Pollack | November 16, 2021 at 06:34 AM

Investors snapped up more than 18% of homes purchased during the last quarter, shattering previous records and posting a gain of 10.1% over Q2 figures.

New research from Redfin reveals that investors bought 90,215 homes last quarter, a 11.2% year-over-year gain and the second largest such gain in history. Investor home purchases account for $63.6 billion worth of sales in the third quarter, up from a revised $58.8 billion in the Q2 and $35.7 billion a year earlier.

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