Birdwatch Note Rating
2024-03-16 22:39:17 UTC - HELPFUL
Rated by Participant: C64429984F71D7D4AB7E65EE3AD2F8692FC9D6F9AB1AA2B27FC793BCFF763F61
Participant Details
Original Note:
Large investors bought ~25% of homes in 2022, a significant increase from the ~15% seen annually prior. 44% of purchases were made by investors (large & small) The rate of first-time homebuyers fell by 11% Large investors outbid traditional buyers w/ all-cash offers. https://stateline.org/2022/07/22/investors-bought-a-quarter-of-homes-sold-last-year-driving-up-rents/ https://www.businessinsider.com/big-investors-purchasing-more-single-family-homes-from-home-flippers-2022-11 https://www.washingtonpost.com/business/interactive/2022/housing-market-investors/ https://finance.yahoo.com/news/institutional-buyers-changing-face-u-103000877.html
All Note Details