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Reply to "Federal Reserve: signs abound that housing market is entering bubble territory"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]*hikes = homes....arghhhh sorry, this phone has horrible autocorrect[/quote] I’m reading on a little phone screen. Where does this article say 30% homes bought by investors? What is exact quote? [/quote] Where was the 30% quote? [/quote] Sorry, getting the articles I read this morning crossed, but the Fed writing was linked to by this article: https://www.msn.com/en-us/money/markets/signs-of-a-housing-bubble-are-brewing/ar-AAVGLv1 [quote][b]Investors now buy 33% of the homes in the US, which is a 5% larger share than the average over the past decade, according to John Burns Real Estate Consulting.[/b] The business of ibuying -- in which a company buys a home for cash to slightly fix it up and resell it again -- is only 1.7% of the national housing market in the last quarter of 2021, according to Zillow. But in some cities, the share of homes going to ibuyers is as high as 11%.[/quote][/quote]
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