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Thursday, April 25, 2024

Investor Home-Purchases Plunge by Half in Fourth Quarter Amid Housing Slump

Investors bought fewer homes last quarter than they have in years, extending a retreat that has coincided with the pullback by conventional buyers stymied by higher mortgage rates. Large and small businesses purchased 48,445 homes in the last three months of 2022, a 46% decrease from the same …

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