Increases in Investor Activity by Metro

Cleveland experienced the largest increase in investor activity, with investor share rising 7.3 percentage points from 6.4% to 13.7% between 2018 and 2024. Raleigh, Miami and Baltimore also showed substantial growth during this period.

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HMDA data, 2018-2024. Investor loans include second residence and investment property categories.

Chart: Jason RichardsonSource: HMDAGet the dataCreated with Datawrapper