In 2024, iBuying companies such as Opendoor led the institutional market with rapid home resales, while traditional SFR funds slowly adjusted their acquisition pace. Despite major players like Invitation Homes selling significant portions of their holdings, several private funds maintained modest buy rates. Atlanta emerged as a top purchase location, with investor activity concentrated in Texas and Florida. The varied strategies of buyers like Wedgewood and Truehold highlighted the ongoing evolution of market tactics amidst a slowdown from the pandemic's peak.
The largest institutional buyers of 2024 were firms that temporarily held properties like Opendoor, who resold homes within 90 days, indicating a shift in the market.
While traditional SFR funds like Invitation Homes remained active, overall acquisitions were low, reflecting a significant decline compared to the pandemic buying boom.
Atlanta emerged as the leading market for institutional purchases in 2024, with Texas and Florida also showing significant investor activity.
Buyers like Wedgewood and Truehold pursued distinct strategies in different markets, demonstrating the diverse approaches within the slowing institutional buying landscape.
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