Investors bought 1 out of every 4 affordable homes last quarter
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(NewsNation) — Real estate investors bought 1 in 4 of the nation’s most affordable homes in the second quarter of 2024 as homeownership remains out of reach for many Americans.
Up 3% year-over-year, investor home purchases totaled $43 billion, marking the largest increase since 2022, according to a Redfin report. It’s a sign that investor activity is stabilizing in a market that endured volatility over the past few years.
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