Realtor.com statistics indicate that claims by politicians like Governor Kathy Hochul regarding investors dominating the housing market in New York are unfounded. Cash sales to investors, particularly large, corporate ones, have declined significantly, representing only 3% of total sales. The majority of investor purchases are made by small, local buyers, who accounted for nearly 60% of all investor transactions last year. Additionally, investors sold more homes than they bought, challenging the idea that they are cornering the housing market.
Statistics from Realtor.com reveal that cash sales to investors in New York fell to their lowest level since 2008, contradicting claims of investor dominance.
Large investors, defined as those buying 50 or more homes, made up only 3% of total home sales last year, down from previous years.
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