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As home prices fall and mortgage rates rise, buyers are dropping out of the market. Consequently, some investors are losing money on real estate, according to a new report.
The report from Redfin RDFN, which looked at investor home purchases on a county level and combed through data across 40 of the most populous U.S. metropolitan areas between 2000 and 2022, found that 13.5% of homes sold in the U.S. by an investor in the month of March 2023 were sold at a loss.
In…
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