Real Estate Investors Retreat

Investor home sales in 2Q fell sharply from a year ago, Redfin reports, as the mid-pandemic housing frenzy continues to cool amid higher interest rates.

A row of brownstone townhouses in New York City.
(Image credit: Getty Images)

As the housing market hits a standstill, real estate investors are buying fewer homes than last year, although home flippers are still making money on deals.

Investor home purchases dropped 45% in the second quarter from a year earlier, a new report from Redfin shows. That compares to a drop of 31% in overall home sales. 

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Seychelle Thomas
Contributing Writer

Seychelle is a seasoned financial professional turned personal finance writer. She’s passionate about empowering people to make smart financial decisions by combining 10 years of finance industry experience with solid research and a wealth of knowledge. Seychelle is also a Nav-certified credit and lending expert who has explored money topics such as debt consolidation, budgeting, credit, and lending in her work for publications including GOBankingRates, LendEDU, and Credible.