Institutional buyers boosted their holdings by 31% in the second quarter, while the U.S. housing market cooled under high interest rates.
SEATTLE — Large institutional investors are buying up Seattle homes at a pace that defies national real estate trends slowed by high interest rates.
Between April and June, investors with portfolios of more than 100 homes — known as “mega” and large investors — purchased roughly 200 single-family residential homes in the Seattle metro area, according to Cotality economist Selma Hepp. Their holdings jumped from 770 to 1,010 homes, a 31% increase.
Redfin reported a similar surge, finding investor purchases of Seattle homes
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