Birdwatch Note Rating
2024-02-04 03:55:16 UTC - HELPFUL
Rated by Participant: F7D6A75391B9986535A9B64005CC1DE1EDA4D74BC1CB1834E7463FAE8B7842E7
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/
All Note Details