Home sales in 2024 are significantly below historic levels due to high prices, rising mortgage rates, and limited inventory, impacting both buyers and sellers in the market.
Investors, who typically purchase with cash, are also buying fewer homes this year, with their share of sales decreasing considerably, reflecting a decline in the attractiveness of real estate.
The rapid post-pandemic rise in investor purchases has reversed, with CoreLogic noting a 22.5% drop in investor purchases from September 2023 to September 2024.
Despite some regional variations, investor activity is generally down across the U.S., with Texas markets showing relative strength amid a broader decline in investor home buying.
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