According to data from CoreLogic, investor purchases have tracked closely with consumer home sales, and the share of home sales attributable to investors is down as well.
Housing inventory shortages have stifled the market for years, but supply is rising in states that experienced inbound migration spikes during the pandemic.
U.S. mortgage holders experienced a home equity increase in the third quarter of 2024 — up 2.5% year over year to a total of $17.5 trillion nationwide. But that was down from 8% growth in the second quarter, and negative equity also ramped up for the first time in two years, according to a CoreLogic report.