[qcic]

27% of homes sold, not 27% of US homes. The title is completely misleading.

Not a shocker, given high interest rates usually drive down prices, and investors are not getting mortgages. Great investment to keep value, not so much for growth.

[cowsandmilk]

> investors are not getting mortgages

I don’t know of any real estate investor who doesn’t use mortgages. The norm is interest-only mortgages and not paying down principal at all.

[howinator]

The phrasing was clear to me on first read. I don’t think anyone would assume 27% of all homes are for sale in one 3 month period since that would imply every home is sold, on average, once per year.

[qcic]

Good for you.

[rightbyte]

Zillow and the likes flipping homes should raise the number too?

But anyway, the trend of corparations buying houses is really bad.

[breckenedge]

The article says that institutional investing (1000+ homes) is decreasing.

> Institutional investors that own 1,000 or more homes account for only about 2.2% of all investor-owned homes, the firm said.

> And that number could get smaller, amid signs that large institutional investors are scaling back home purchases.

[lotsofpulp]

Zillow lost a lot of money trying to flip houses a few years ago and stopped.

[rightbyte]

Ok ye well the idea was silly and probably quite easy to game.