1302 ET - U.S. real estate investors bought 46,726 homes in 1Q, up 2% year-over-year, Redfin says. Investor purchases have been relatively stable for the last year, increasing or decreasing by 4% or less each quarter. This puts an end to the wild pandemic-era swings in investor purchases, with purchases increasing by up to 145% year-over-year in the middle of 2021 and falling by as much as 47% at the start of 2023. Investors are now more level-headed, buying homes when they believe it will provide a good financial return, but holding off when there's more risk, Redfin says. Investors netted a median of $182,980 in capital gains for each home they sold in March, up 2.8% from a year earlier. Just 6% of homes sold by investors were sold at a loss. (chris.wack@wsj.com)
(END) Dow Jones Newswires
May 28, 2025 13:02 ET (17:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.