Investor interest in single-family homes hasn't been this low since the Great Recession, according to a report this week from Redfin.
Pandemic boomtowns, including Phoenix and Las Vegas, are feeling it most, as economic uncertainty and the prospect of falling home prices raise the risk of real estate investing. Charlotte has also taken a big hit.
Investor home purchases fell 30.2% year over year nationwide in Q3. (Only the COVID plunge of Q2 2020 was lower since the 2008-09 period.)
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