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Today, in the Calculated Risk Real Estate Newsletter: Lawler: More on Investor Purchases of Single-Family Homes
A brief excerpt:
From housing economist Tom Lawler:
Recent reports showing a surge in investor purchases of single-family homes beginning last spring has stunned quite a few housing analysts and led several to reassess the “drivers” of the surprising strength in housing and home prices this year.
One of the reports I’m referring to is from Redfin, and the other is from CoreLogic. While both are based on an analysis of property records, there are key differences.
Before going into some of the potential ramifications of this investor surge, however, I thought it might be useful to discuss these reports – especially in light of a recent “research” report from the trade association “dedicated to advocating on behalf of the single-family rental industry” that completed botched its analysis of these recent reports.
There is much more in the article. You can subscribe at https://calculatedrisk.substack.com/
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