The article discusses the current state of the real estate market, highlighting a significant decline in investor activity. It explores the impact of reduced investor presence on buyers and sellers, considering the advantages and disadvantages of this market shift.
In the first quarter of 2023, the real estate market witnessed a 49% decrease in investor purchases compared to 2022, a more significant drop than the overall 41% reduction in home purchases during the same period. Factors such as declining rents, falling home values, and rising interest rates have led many investors to find the market too challenging. This shift in the market presents an opportunity for everyday homebuyers due to reduced competition from professional investors.
Rod Khleif provides expertise and perspective on the impact of reduced investor activity in the real estate market. He highlights the advantages for homebuyers in a less competitive environment and the potential for increased housing inventory as investors temporarily step back from the market. The full publication is available here.