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Investor home purchases tumble 30% as rising mortgage rates cool housing market

Por: Fox Business Business November 22, 2022

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Piper Sandler chief investment strategist Michael Kantrowitz discusses the health of the U.S. economy and where the housing market heads as the Fed continues to raise rates on 'Mornings with Maria.' Investor buying of U.S. homes plunged 30% in the third quarter, the largest drop since the 2008 financial crisis as rapidly rising mortgage rates cool the once red-hot . Companies bought around 65,000 homes in the cities tracked by... + full article



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