Investors gobbled up almost a third of recent homes sold in Dallas area

Texas cities account for more than half of the U.S. metro areas where investors make a large share of home buys.

In the Dallas area, about a third of homes sold went to investors in the quarter ending with September.

Nationwide, more than a quarter of U.S. homes changing hands were acquired by investors, according to a new report from CoreLogic.

“The high U.S. home investor share seen over the past two years nudged up in the third quarter, despite 2023′s mortgage rate increases,” CoreLogic economist Thomas Malone said in the study. “In July, August and September, the share of single-family purchases made by investors was 26.8%, 27.2% and 28%, respectively.

Source: The Dallas Morning News

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