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Wealth

Investors Bought Record Share of Homes as Mortgage Costs Climbed

Rising rates began to cool the housing market in the first quarter, but investors proved more resistant.

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Homebuyer Challenges
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Investors played a bigger role in the US housing market in the first quarter, as landlords and home flippers proved less sensitive to rising costs than ordinary buyers.

Investors bought 20% of homes in metropolitan areas tracked by Redfin Corp. during the first three months of 2022, according to a report Wednesday. That was the highest share since 2000, the earliest year included in the brokerage’s data.