The number of homes purchased by real estate investors in the first quarter declined 11.5% from the fourth quarter of 2021 and 16.5% from the third quarter of 2021, when investor purchases hit a record high, according to a new report from Redfin.
Still, investor purchases remained above pre-pandemic levels, and investors bought up a larger share of America’s homes than ever before. They purchased a record 20% of homes that sold in