1241 - Investors are purchasing more “low-cost” properties and Congress Committee could add investor tax by Matt Myre

A new report from Redfin finds that 26% of investor purchases in Q4 2023 were in “low-cost” properties, up significantly from previous years. The increase comes as housing prices remain elevated and mortgage rates stay locked around the 7% range. Meanwhile, a new bill has entered committee in Congress, where senators are deliberating whether to set on track a new law that would tax real estate investors at a graduated rate on every new property that they purchase. We’ll cover both of these stories and why investors must pay close attention to this bill. https://www.biggerpockets.com/blog/how-the-affordable-housing-and-homeownership-protection-act-will-impact-investors  https://www.biggerpockets.com/blog/highest-share-of-investors-on-record-are-buying-low-value-homes Learn more about your ad choices. Visit megaphone.fm/adchoices