Investors Chased Rents in 2022. Is it Coming Back to Bite Them?
April 3, 2023
Small investor activity has shown resilience, with mom-and-pop investors retaining market share even as prices increase.
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Thom holds the position of professional, economist in the Office of the Chief Economist at CoreLogic. He is responsible for analyzing housing markets and home price trends. He has an extensive background in urban and real estate economics and applied econometrics.
Before joining CoreLogic, he held positions at the University of Virginia, Georgia Tech, and Harvard University. He earned his bachelor’s degree in economics, statistics and history at the University of Auckland, his master’s degree in economics from Tufts University and his doctorate in urban planning and development from the University of Southern California.
Small investor activity has shown resilience, with mom-and-pop investors retaining market share even as prices increase.
The overall share of home investors held steady during the fourth quarter but remains significantly higher than it did before the pandemic. CoreLogic’s Office of The Chief Economist breaks down the numbers.
This is the first time the price spread converged since the housing crisis ended in July 2012.
Americans showed an increased preference for buying homes in suburban areas during the height of the pandemic, but that trend could now be shifting.
The share of single-family homes purchased by investors rose every month in Q3 to reach 26% in September.
Following an unprecedented boom in global housing prices, countries are experiencing pricing corrections.