Condos losing appeal among real estate investors
While real estate investment purchases are falling into more stable patterns following wild pandemic-era swings, condo activity is lagging, falling to a 10-year low, according to Redfin.U.S. investors bought a total of 46,726 units in the first quarter, up 2% year over year, the real estate brokerage reported. Early 2025 activity recovered from the 3.9% drop in the fourth quarter of 2024. In the past 12 months, investment purchases have increased or shrunk by less than 4% in each direction, compared to the wide fluctuations between 2021 and 2023, as...