In this Article...
In Charleston, there's a common belief that Wall Street is snapping up all available homes. However, local Realtor Charlotte Lemon from Charleston Home explains that this isn't the case. Data shows a decline in investor purchases, with most homes still being bought by individual homebuyers. For any questions, connecting with a real estate agent is recommended.
Investors Are Not Buying Up All the Homes
Some Highlights
- There’s a misconception Wall Street is buying all the homes on the market. But data proves that isn’t true.
- Experts agree the share of homes bought by investors is declining – and most are smaller investors, like your neighbor who owns a second home, not Wall Street.
- No matter what you’ve heard, the majority of homes are still being purchased by everyday homebuyers like you – not big investors. Connect with an agent if you have questions.
