The catch phrase, "buying a home is a great investment" may well be true, and according to new data, it's investors who are getting the biggest bang for their purchases.
Investors pay for most of their purchases with cash and are typically paying less for homes than consumer homebuyers, a new report by RealtyTrac finds.
Investors across the country paid an average of 29.4% less than consumers in Q2 2021 with a median purchase price of $205,000 for investors compared to $290,230 for all home purchases, the report, which used ATTOM home sales data, found. According to the analysis:
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