Investors are quietly scooping up 1 in every 6 single-family homes in these cities

Investors are back in the real estate market, purchasing properties at a rapid pace due to strong rental demand, despite high prices and interest rates.

In the second quarter, investor home purchases surged 3%, with investors buying one in every six homes and spending $43 billion, up nearly 14% from last year.

For real estate investors, single-family homes are the primary target, making up about 69% of purchases, indicating a shift towards both high-end and low-priced properties.

Despite the mixed signals about California's housing market, investor activity remains strong, particularly in areas like San Jose and Las Vegas as they seek opportunities.

Read at New York Post