applelatest

Americans looking for affordable housing have become accustomed to bad news about the real estate market, with a recent report from Redfin showing that in the fourth quarter of 2023, investors purchased 26% of the U.S. affordable housing stock, a blow to homebuyers whose purchasing power has been severely eroded by a lack of inventory, soaring home prices and high interest rates. Redfin's report paints a stark picture of the crisis facing many potential homebuyers in the U.S. and illustrates the severity of the problem.