Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market

Investor Home Purchases Drop 30% as Rising Rates, High Prices Cool Housing Market

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Investor buying of homes tumbled 30% in the third quarter, a sign that the rise in borrowing rates and high home prices that pushed traditional buyers to the sidelines are causing these firms to pull back, too. Companies bought around 66,000 homes in the 40 markets tracked by real-estate brokerage…

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