Corporate investors play a dominant role in many metropolitan housing markets, accounting for over 20% of home purchases in some areas. This investor activity, prevalent in cities like Miami and Jacksonville, has driven up housing costs and limited opportunities for local buyers. Recent years have seen a decline in investor homebuying due to rising interest rates and economic uncertainty. However, investors are now shifting their focus to more affordable markets, particularly those with older housing stock, such as Cleveland and Detroit, complicating the housing landscape for first-time buyers.
Corporate investors have taken a sizable share of the housing market, making up more than one in five home purchases in key metropolitan areas, particularly in Florida.
The significant presence of corporate investors in housing markets is driving up costs and limiting access for local homebuyers, especially in booming areas.
Despite a recent cooling in investor activity attributed to rising interest rates and economic uncertainty, corporate buyers still influence the market considerably.
Cities like Cleveland and Detroit are now being targeted by investors seeking affordable housing options, further complicating the local homebuying landscape.
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