As first-time home buyers evaluate housing options amid low inventory, 55 percent feel that local investors have a role in solving the housing shortage.
DALLAS, TX — December 13, 2023 – New Western, the largest national private real estate investment marketplace, today released a study on single family real estate investor sentiment and first-time home buyers’ perception of the housing market. Notably, 53 percent of residential real estate investors expect business growth in 2024, while 55 percent of consumers feel that local investors can help solve the housing shortage.
“As we enter the new year with continued low inventory, local investors are providing solutions to the shortage by fixing up unlivable homes and putting them back on the market, giving consumers more options for their home buying search,” said Kurt Carlton, co-founder and president of New Western. “Investors are fueled by the opportunity to capitalize while delivering much needed residential properties back to the market.”
From the first half of 2023 to the second half, New Western saw growth nationwide with local markets Houston, Raleigh, Atlanta, Denver and Austin leading the increase in investor-purchased homes. Additionally, New Western saw a 16 percent rise in investor purchases in the West and 6.5 percent in the South during the same time frame.
Market sentiment from additional experts:
The survey and report, titled “The Flip Side: Residential Real Estate Investing Trends for 2024,” is an analysis from insight based on opinion polling from October to November 2023 from over 1,280 real estate investors ages 18+ who have previously purchased property through New Western or plan to in the future and an external survey in the same time period among consumers who are looking for a new home from Gutcheck, a global market research company, as well as New Western market sales data. The external survey includes over 820 participants ages 18+ who must have considered purchasing a house in the last 12 months or who have purchased one.
For more information about New Western, please visit https://www.newwestern.com.
About New Western
New Western is a real estate investment marketplace that makes investing more accessible for more people. Operating in most major cities, our marketplace connects more than 200,000 local investors looking to rehab houses with sellers. As the largest private source of investment properties in the nation, we buy a home every 13 minutes. New Western delivers new opportunity for all—a fresh start for sellers, exclusive inventory for investors, and in doing so, creates housing that is more affordable for buyers. New Western was honored with a Glassdoor Employees’ Choice Award in the U.S. small and medium company category, recognizing the Best Places to Work in 2023.
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