1st-Time Homebuyers Are Getting Squeezed Out By Investors
The pool of smaller, affordable starter houses is low. And the market for these first-time home purchases is increasingly being driven by investors who help push prices out of reach.
It's gotten a lot harder for first-time homebuyers to nab that dream house. The pool of smaller, affordable, starter houses is low. And, increasingly, first-time homebuyers are competing with investors who are buying up these homes.
Last year, investors accounted for one in five starter-priced homes, on Thursday. The rate of investor purchases of starter homes has been rising and has nearly doubled since 1999.
