Re:Mortgage Rates Hit 5.78%, Highest Level Since 2008
by jmoak3 on Thursday June 16, 2022 @11:39AM
(#31767328)
Something like 15% of all home sales over the past year were institutional buyers according to a report by the national association of realtors. [0]
It was more dramatic for some counties - Austin’s for example saw 41% of homes sold to institutional buyers.
As rates rise and a recession looms, time horizon before profitability shrinks and ability to pay rent falls into question, which puts these regions at risk of a crash in price as these parties may have to liquidate.
It was more dramatic for some counties - Austin’s for example saw 41% of homes sold to institutional buyers.
As rates rise and a recession looms, time horizon before profitability shrinks and ability to pay rent falls into question, which puts these regions at risk of a crash in price as these parties may have to liquidate.
Tread lightly!
[0] https://cdn.nar.realtor/sites/default/files/documents/2022-i...
EDIT: 20% to 15%