Investor interest in purchasing single-family homes has fallen each month since February, according to a report this week from CoreLogic, which cited rising mortgage rates.
The percentage of single-family home purchases made by investors dropped by 8 points from Q1 to Q2, suggesting that these buyers may be more sensitive to interest rate increases than owner-occupied buyers, the report said.
This activity peaked in February 2022, when investors made 28% of all single-family purchases, the highest monthly share since 2011, according to CoreLogic.
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