Investor Owned Property By the Numbers

What is happening? 1/4 of homes sold in 2021 were bought by investors. From January through May 2022, 22% of all homes were sold to investors.

Why is this important? This is said to drive up the cost of rent for suburban dwellers thereby adding to housing affordability issues.

How will this be important? Some states led in investor purchases and will impact affordability. Investors bought 1/3 of single-family homes sold in Georgia (33%) last year, with Arizona (31 %), Nevada (30%), California and Texas (both 29%).

Governing | Investors Bought a Quarter of Homes Sold Last Year, Driving Up Rents