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Data shows that nearly a quarter of all homes purchased last year were bought by investment companies, raising the price of affordable housing.
Investors bought a third of single-family homes sold in Georgia (33%) last year, with Arizona (31%), Nevada (30%), California and Texas (both 29%) not far behind. Montana saw 21% of its home purchases made by investors.
Evidence shows that investors can often outbid other buyers, keeping starter homes out of the hands of would-be owners, especially Black and Hispanic families. The issue is especially prevalent in Sun Belt states.
Parcl, a blockchain-based real estate platform, offers customers the ability to invest in a digital square foot of real estate.
Parcl, a blockchain-based real estate platform, offers customers the ability to invest in a digital square foot of real estate.