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U.S. Investors Dominate Home Sales, Pressuring First-Time Buyers

11/27/2025

50 10 Full Breakdown

Summary

Story summary

In the first half of 2025, U.S. real estate investors accounted for 29% to 32% of home sales.
This trend is expected to continue, with investor shares above 25% through 2027.
Non-QM mortgage originations rose to a record $20 billion in Q3 2025 as lenders adapt.
Rising delinquencies and affordability pressures may hinder first-time buyers.
Analysts warn that investor activity could worsen conditions in lower price tiers.

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Story summary

In the first half of 2025, U.S. real estate investors accounted for 29% to 32% of home sales.
This trend is expected to continue, with investor shares above 25% through 2027.
Non-QM mortgage originations rose to a record $20 billion in Q3 2025 as lenders adapt.
Rising delinquencies and affordability pressures may hinder first-time buyers.
Analysts warn that investor activity could worsen conditions in lower price tiers.