Comment by kasey_junk
Comment by kasey_junk 4 days ago
You can’t extrapolate anything about owner occupancy rate broadly from this stat because it’s about who _bought_ in a short period.
If 28% of sellers that quarter were investors then the owner occupancy rate went up.
Now I suspect that’s not the case but if you look at home ownership rates for non-investors they stay in a very tight couple of % points in the mid 60s and they track interest rates. This has been true since the US started making home ownership a governmental priority post ww2.
Prior to that it was in the 40s for as far back as I could find any data.
I would expect investors to sell houses quicker than owner occupiers. Yes, some investors hold for a while, but there are enough that flip homes within months that I expect their average to be fairly low.