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Is Wall Street Really Buying All the Homes?
Let’s be real – buying a home right now is tough. You’re scrolling through listings, rushing to open houses, and maybe even losing out to more competitive offers. Somewhere along the way, you might’ve heard the reason it’s so hard to find a home is because big Wall Street investors are swooping in and snatching up everything in sight.But here’s the thing: that’s mostly a myth. While investors are part of the market, according to Redfin, they’re a relatively small part:Here’s what that means. Five out of every six homes are being purchased by everyday homebuyers like you – not big investors.So, before you get discouraged, let’s take a look at what’s really going on. You might be surprised to learn that Wall Street isn’t the competition you may think it is.Most Investors Are Small Mom-and-PopsMost investors aren’t the mega corporations you’ve probably heard about. In fact, many are your neighbors. A recent report from CoreLogic shows most investors are small, mom-and-pop types who own fewer than 10 properties. They aren’t massive companies with endless resources. Picture your neighbor who has another home they’re renting out or a vacation getaway.Only about 1% of the market is owned by large, mega investors with thousands of properties. The majority are still owned by individuals and smaller investors – not the Wall Street giants.Investor Purchases Are DecliningNot only are most investors small, but overall investor purchases have been on the decline. As the same report from CoreLogic says: “Investors made 80,000 purchases in June 2024, compared with 112,000 in June 2023, and a nearly 50% percent drop from the high of 149,000 purchases in June 2021 . . .”And what does this mean going forward? CoreLogic goes on to point out this downward trend is expected to continue into 2025.So, if it seems like competition with investors is pushing you out of the market, it might help to know that investor activity is actually slowing down.Bottom LineThe idea that Wall Street is buying up all the homes is largely a myth. Most investors are small ones, and the share of homes purchased by investors is declining – so you can take this one off your worry list.If you have questions about the housing market, talk to a local real estate agent. They can explain what’s really happening.
Don’t Let These Two Concerns Hold You Back from Selling Your House
If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market. Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won't find a house you like.To put your mind at ease, here’s how to tackle these two concerns head-on.Is It Even a Good Idea To Move Right Now?If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity.Equity is the current market value of your home minus what you still owe on your loan. And thanks to the rapid appreciation we saw over the past few years, your equity has gotten a big boost. Just how much are we talking about? See for yourself. As Dr. Selma Hepp, Chief Economist at CoreLogic, explains:“Persistent home price growth has continued to fuel home equity gains for existing homeowners who now average about $315,000 in equity and almost $129,000 more than at the onset of the pandemic.”Here’s why this can be such a game-changer when you sell. You can use that equity to put down a larger amount on your next home, which means financing less at today’s mortgage rate. And in some cases, you may even be able to buy your next home in cash, avoiding mortgage rates altogether.The bottom line? Your equity could be the key to making your next move possible.Will I Be Able To Find a Home I Like?If this is on your mind, it’s probably because you remember just how low the supply of homes for sale got over the past few years. It felt nearly impossible to find a home to buy because there were so few available.But finding a home in today’s market isn’t as challenging. That’s because the number of homes for sale is growing, giving you more options to choose from. Data from Realtor.com shows just how much inventory has increased – it's up almost 30% year-over-year (see graph below):And even though inventory is still below pre-pandemic levels, this is the highest it’s been in quite a while. That means you have more options for your move, but your house should still stand out to buyers at the same time. That’s a sweet spot for you.It’s important to note, though, that this balance varies by local market. Some places may have more homes for sale than others, so working with a local real estate agent is the best way to see what inventory trends look like in your area. Bottom LineIf you’re thinking about selling, hopefully these concerns haven’t kept you up at night. With this information, you should realize you don’t have to let the what-if’s delay your move anymore.Connect with a local agent so you have the data and the local perspective you need to move forward.
The Big Difference Between Renter and Homeowner Net Worth
Some HighlightsIf you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is nearly 40x higher than a renter’s. Connect with an agent if you want to learn more about the financial benefits of homeownership or the programs that can help make buying possible.
- Xiong**FIRST-TIME HOMEBUYER, HERE** Courteous, Punctual and Considerate. **HIGHLY RECOMMENDED**We are nothing but thankful and impressed with Jennifer with helping us navigate through the purchase of our First Home. We recently closed having started our search in November of 2021, having gone through the holidays and New Year- through it all: Jennifer was readily available and able to schedule/ coordinate through the transition into the New Year. Jennifer was courteous, responded promptly and utilized our preferred method of communications (SMS and E-mail). We laid out our expectations, our experience(s) prior to Jennifer helping us and she was able to address and prepare us for Escrow.
- CrystalProfessionalism at it’s finest! Jennifer was so helpful during the search portion of my house hunting. I told her the areas I was thinking of living and she should me homes that were great options, but ultimately I settled on one in a different part of town. Jennifer would answer all my questions during the buying process, gave solid advice when it came to putting in an offer, and when the offer was accepted she would always update me on what was going on. Jennifer was so very sweet and helpful during this process, and really helped ease any fears I had. Anybody would be lucky to work with her! Verified by RateMyAgent
- JessycaJennifer was amazing! She went above and beyond to help us find our new home. She was available and attentive and her knowledge of the San Diego area helped us find the home of our dreams. I would recommend her to anyone, and will be using her again for future purchases! Verified by RateMyAgent
- ErnestJen helped us get our first home! She was very helpful walking us through the entire house buying pr Jen helped us get our first home! She was very helpful walking us through the entire house buying process. She was always available to respond to any questions or concerns we have. We took a break from house hunting during the peak summer months, but Jen kept in touch with us and provided us with new listings we might be interested in. Her hard work paid off when we finally got our house with her help! Verified by RateMyAgent
- TimExcellent experience! Jen is very knowledgeable, friendly and most importantly results driven when it comes to finding the right property and getting the deal done! I would recommend Jen to help buy or sell any property. Verified by RateMyAgent
- Dan and KristenWhen you’re the best around... Jen is never gonna let you down! I would recommend her to anyone one house hoping! Tasks were completed timely and correctly. Her warm, sweet personality will definitely make you smile. Verified by RateMyAgent
- ValarieTell me I don't have the GREATEST REALTOR Jennifer Gascon of Jennifer Gascon Real Estate sent me this yummy cookie basket to celebrate my home funding last week! Thanks to Jen and Tracie Schmidt of The Schmidt Team for helping us find and finance our home! These wonderful and beautiful ladies were with us every step of the way and got it all done in under 30 days! Thanks again and God bless!!
- ChrisJen is amazing! A true professional at what she does. She goes above and beyond for her clients always putting their best interest first. I would highly recommend Jen and her services to anyone!
- TerriJen was the perfect agent for me. She walked me through every step of the process - from locating multiple properties that she knew I would be interested in to finally purchasing my new condo. She was always available to respond to my numerous emails, texts, and phone calls. We experienced all types of situations in the buying process (pulling out of a purchase due to bad disclosures, being out bid, to the perfect place). Jen was knowledgeable in all. She recommended a great lender, multiple inspectors for me to choose from, and sent me tips all along the way. I couldn't have gone through this very life changing process without her.
- MikeJennifer stayed in constant contact with us. Helped us with resources to get our house ready. She was a real pro. Verified by RateMyAgent
- Anderson and AnaJen helped us get our first home. She always promptly replied to all our queries and helped us throughout all steps. It was a great experience and gave us peace of mind. We surely recommend her. Verified by RateMyAgent
- SheyeJennifer was very helpful and responsive throughout my FIRST experience with purchasing my home. She made the entire process seem easy and was able and willing to help with questions and concerns. Verified by RateMyAgent
- JoannaJennifer is amazing! Always puts clients first and is honest, wonderful and always puts in 110% of herself in all that she does. If you are looking for a trustworthy and amazing agent look no further! This is the agent of your dreams!
- Micha HFrom our first meeting Jennifer was prepared and ready to get started. She listened to what I had to say and took all my concerns into consideration. She helped me to decide how to proceed and took over all the details and made everything run smoothly. We listed, showed and had an offer in 3 days. All I had to do was sit back and wait for the money to arrive. Her professionalism was beyond reproach. I would highly recommend her.
- BrennanMy husband and I loved working with Jen Gascon! She made the home buying processes smooth and enjoyable. She was available when we needed her and worked around our busy schedules. She is truly amazing and went above and beyond to help us find our home.
- ErnestJen helped us get our first home! She was very helpful walking us through the entire house buying process. She was always available to respond to any questions or concerns we have. We took a break from house hunting during the peak summer months, but Jen kept in touch with us and provided us with new listings we might be interested in. Her hard work paid off when we finally got our house with her help!
- CharlesJen was great! She helped me with my first home purchase, answered all my questions, was responsive, and took me to see many homes! She even called her handy man and paid to fix a screen that was damaged when the previous tenants moved out. I rushed through the final inspection so I missed that the screen door and the sliding balcony door were damaged during their move out so my only advice is to not to get too excited and really take your time with the final inspection, it's worth it. I would recommend Jen to everyone!
- SteveJennifer is the BEST realtor. I didn’t even think I could afford one I talked to her she set me up with the lender and figured out how much I was comfortable in spending told her where I wanted to live and what I was looking for in a home she took care of the rest from day one to closing. It can be pretty scary, it was the biggest purchase of my life and you want someone you can trust and easy to talk to. She’s not only the best realtor but she’s all around good person and that’s what you want.
- SandraFrom the Start Jennifer was extremely helpful as this was our first purchase. She was always available, always had an answer, and was so patient. She made sure we were comfortable through the whole process. I highly recommend her!!!!
- Trisha BHands down, one of the most memorable experiences EVER! A tremendous thank you to Jennifer Gascon Real Estate who tirelessly continued to comb through the market with our real estate dreams and made them a reality! You went above and beyond the expectations of a realtor and never left our side through any of the setbacks this competitive market threw at us. If ANYONE wants/needs an honest, hardworking agent to fulfill your dreams, we highly recommend Jennifer Gascon! We cannot say enough good things about her! Thanks for everything, Jen!
- Michelle PJennifer Gascon went above and beyond in helping us sell our home in California, while we lived out of state. Jennifer's responsiveness time was wonderful, and she would be so patient with us when we had questions and even when she didn't have an answer, she found someone who did and got us a response quickly. Thanks Jennifer.
- jesus7nicoleAlways available to answer questions or help with concerns I have about a property. She had time to venture out to see properties when ever needed. It was a great experience working with her on the purchase of our first home.
- Micha HamiltonFrom our first meeting Jennifer was prepared and ready to get started. She listened to what I had to say and took all my concerns into consideration. She helped me to decide how to proceed and took over all the details and made everything run smoothly. We listed, showed and had a offer in 3 days. All I had to do was sit back and wait for the money to arrive. Her professionalism was beyond reproach. I would highly recommend her.
- Mcdiver987654Jennifer Gascon went above and beyond in helping us sell our home in California, while we lived out of state. Jennifer's responsiveness time was wonderful, and she would be so patient with us when we had questions and even when she didn't have an answer, she found someone who did and got us a response quickly. Thanks Jennifer.
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