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Podcast: BiggerPockets Daily
Episode: Institutional Homebuyers are Pulling Out of the Market in Droves—What Do They See That You Don’t? by Sandy Yong
Description: Institutional investors (those who own 1,000 or more homes) have been selling off their inventory in 2023. These big investors have reduced their buying activity by nearly 80% from Q4 of 2022 compared to Q4 of 2021, according to John Burns Research and Consulting. This change in activity has led to 90% fewer purchased homes in January and February of this year than in the first two months of 2022. This is a sharp contrast to the pandemic purchasing of houses in the U.S. These were times when it was easy to borrow money and interest rates were at rock bottom—coupl...