More than one in every four low-priced homes sold in the U.S. in 4Q 2023 was bought by an investor, Redfin reports.
"I get tons of emails every day from investors looking for properties, but of course, they only want homes that are under market value, which are hard to come by. When they find those properties, they pile in," according to a company agent in Riverside, CA.
It is the same story in many other cities, including Atlanta. "They go after every listing under $500,000 … it's like clockwork," a realtor in Alpharetta, an Atlanta suburb, told the Atlanta Journal-Constitution. "The property gets listed and, sight unseen, they make offers within an hour."
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