Investor home buying slows
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The share of Iowa houses purchased by institutional investors dipped over the last year, mirroring a nationwide trend as the housing market cools.
Why it matters: Investors, who often compete with first-time buyers, have pulled back from the U.S. housing market in recent years.
By the numbers: In the DSM area, the share of homes sold to institutional investors dropped from 7.1% in the first quarter of 2024 to 6.1% in the same period this year, per ATTOM data shared with Axios.
- Statewide, the share dropped from 5.9% to 4.8%.
The fine print: ATTOM defines an institutional investor as a non-lending entity that purchases at least 10 properties in a calendar year.
The big picture Investors want to see strong population and job growth, solid rental yields, landlord-friendly regulations, affordability, and long-term appreciation potential, ATTOM CEO Rob Barber previously told Axios.