Investors bought record share of low-priced housing in fourth quarter: Report
Investors bought more than a quarter of lower-priced homes in the fourth quarter of 2023 as mortgage rates and home prices hover well above their pre-pandemic baseline. Investors bought a record-high 26.1 percent of low-priced U.S. homes in the fourth quarter, according to real estate data company Redfin. The company defines low-priced homes as those…