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

Americans still want to relocate — even as pandemic fears dwindle

The number of Redfin.com users who searched for a property outside of where they currently live rose to 31.1 percent during the second quarter, up from 27.6 percent the year before. Nearly one-third of Redfin.com users searched for a property outside of where they currently live during the second quarter of 2021, compared to just … Read more

Rent prices skyrocket across the country: CoreLogic

Across the United States, renting a single-family home is getting more and more expensive by the month. According to the latest Single-Family Rent Index report from CoreLogic released on Tuesday, rent prices rose 6.6 percent in May from this time last year. Prices have risen at the highest level since January 2005, fueled by a … Read more

Phoenix sees biggest housing shortage, NYC biggest surplus

A new report shows that cities in the South and West don’t have enough housing, while expensive metros might have too much. An ongoing competitive market has completely reshuffled the U.S. cities experiencing housing shortages, with historically affordable Phoenix now seeing the biggest shortage in the U.S. even as infamously expensive New York City enjoys … Read more

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