Maiclaire Bolton Smith and CoreLogic Economist Thom Malone discuss the effects that the U.S. securitized mortgage system and investor activity has had on the global property market.
According to the CoreLogic® 2023 Annual Mortgage Fraud Report, occupancy fraud rose 11.8% from Q2 2022 to Q2 2023.
Single-family home investors continued to be quite active in Q2, led by smaller investors.
Mega-investors, iBuyers and home flippers are leaving the housing market in droves, but investor home purchases from smaller investors remains strong.
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.
The share of single-family homes purchased by investors went from 16% in 2020 to 24% in 2021, and the outsized presence of mega-investors raises concerns that they are driving up prices and muscling potential homeowners out of the market.
Fueled by the housing supply shortage and historically low mortgage rates during the pandemic, both home prices and rents hit new highs. With home price growth at record levels, some single-family investors sold their rental portfolios to extract the equity gains.
The share of single-family home purchases made by investors dropped by 8 percentage points from Q1 to Q2, suggesting that these buyers may be more sensitive to interest rate increases than owner-occupied buyers
Demand for luxury homes in vacation destinations intensified with sales surging by triple-digits.
Although the real estate market showed signs of receding in Q4 2021, investors resumed their buying spree in early 2022
Investors’ recent acquisition spree showed its first signs of slowing down in the fourth quarter of 2021. After hitting historical peaks in the second and third quarters of 2021, the share of homes purchased by investors reached its zenith last October at 26.9% of total home sales