New Delhi, July 8 -- Real estate investors are increasingly dominating the US housing market, acquiring a larger portion of available homes.
This trend comes astraditional homebuyers are struggling to afford property amid rising prices and stubbornly high borrowing costs.
In the first three months of this year, nearly 27 per cent of all homes sold were purchased by investors, marking the highest share in at least five years, according to data compiled by BatchData.
This is a significant jump compared to the average of 18.5 per cent between 2020 and 2023.
The investors bought 265,000 homes in the January-March quarter, a 1.2 per cent increase from the same period a year earlier, AP reported.
Even though the annual increase in investor...
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