It’s your lucky day! Not only is it St. Patrick’s Day, but we’re here to share some news that could benefit home buyers in the market.
Out of 100 homes sold, how many do you think are sold to investors? Half? 10 out of 100?
According to The Mortgage Reports: “On average, small investors account for around 18% of the market, while mega investors represent only about 1%.”**
As a home buyer, it can sometimes feel like you’re competing with mega investors on every property. But when you look at the statistics, institutional investors are actually buying fewer homes than in previous years!
In fact, the share of home purchases by large institutional investors (those owning 1,000+ properties) has dropped to just 0.3% in Q3 2024, compared to 2.2% in Q3 2021. That’s a significant decline in institutional investor activity.**
You’re more likely to be competing with a mom-and-pop small investor than a mega investor when it comes to finding your next home!
What’s the good news for home sellers? Your home equity may just be the closest thing to a leprechaun’s pot of gold that you’ll find this St. Patrick’s Day! When we meet with sellers during listing appointments, we often review comps and we show them their Seller Net Sheet, which outlines their estimated proceeds at close of escrow. Many are amazed at how much equity they’ve accumulated.
Curious about how much you could walk away with if you sold this year? Call, text, or email us today! We can provide you with a home equity estimate and real-time information about what your home is worth.
