Birdwatch Note Rating
2024-02-04 06:16:48 UTC - HELPFUL
Rated by Participant: DB0DBC04205EA9A5CE51D653A3BC19210D13AB50EFF6277282A8948939A19E57
Participant Details
Original Note:
The Medium article reference incorrectly quotes a Business Insider article that is talking specifically about institutional investors purchasing "flips," not all resale homes, and only those sold in Q3 2022. Institutional investors' market share is <5% of homes in the US. https://www.businessinsider.com/big-investors-purchasing-more-single-family-homes-from-home-flippers-2022-11 https://www.housingwire.com/articles/no-wall-street-investors-havent-bought-44-of-homes-this-year/
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