Investor home purchases exceed pre-pandemic levels, hit record high

Investors purchased 67,943 US homes during the second quarter, for a total value of $48.5B, the highest figure on record, according to Redfin. Institutional investors have been making a comeback in 2021. During the second quarter, investors purchased 67,943 U.S. homes, the highest figure on record (since at least 2000), according to new data released … Read more

Transitioning into summer, high-end properties are seeing a cool down

As the official start to summer approaches, agents say the market is less chaotic than a few weeks ago, and more high-end luxury properties, in particular, seem to be available and lingering on the market longer. In the peak of the spring homebuying season, real estate agents and their buyers were frantically bidding on homes … Read more

Blackstone shells out $6B to re-enter rental market

Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. after a competitive bidding process. Blackstone Group Inc. has reached a deal to acquire single-family rental home company Home Partners of America Inc. for $6 billion in cash, the Wall Street Journal reported on Tuesday. Chicago-based Home … Read more

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