How many houses do investors own?

Business Insider reported on Redfin data showing investors spent a record $77 billion on home purchases in the last two quarters of 2020 — this amounted to just 55,000 total homes and 39,000 single-family homes.

What is an SFR in real estate?

SFR stands for “single family residence” which is a label assigned to standalone or single-family rental properties.

What percentage of homes are bought by investors?

Real estate investors bought a record 18.2\% of the U.S. homes that were purchased during the third quarter of 2021, up from a revised rate of 16.1\% in the second quarter and 11.2\% a year earlier. We define an investor as any institution or business that purchases residential real estate.

What is a SFR type?

A single family residence is a one-unit, detached rental property. An SFR detached home often comes with a yard and garage. The SFR property type has dominated residential investing for many years. These investment properties are known for their profitability, affordability, and demand.

How many single family residences are there in the US?

In 2018, there were 82.64 million detached single-family homes in North America, and this number is set to reach 84.69 million by 2023.

What is considered a single-family residence?

A single-family home is a free-standing residential building. Single-family homes are designed to be used as a single-dwelling unit, with one owner, no shared walls, and its own land.

Is single family residence (SFR) real estate a good investment?

One investment type new investors should consider is single family residences, or SFR real estate. These properties offer steady cash flow and can teach beginners the ropes of rental property management. SFR real estate can also be a profitable addition to an already established investment portfolio.

Why is single family home demand surging?

Demand for SFR real estate has surged in recent years as younger generations approach home-buying age and move out of densely populated areas in favor of larger (and more affordable) living spaces. According to the Wall Street Journal, the construction of single family homes has not increased at the same rate as demand.

How has covid-19 impacted SFR real estate?

The COVID-19 pandemic has impacted SFR real estate in more ways than one. Low mortgage rates have made homeownership more attainable for people across the country, while work-from-home policies have encouraged many families to move. SFR has seen an increased demand as city dwellers leave in search of more space and increased access to the outdoors.