Small investors' share of investor home purchases hits 15-year high of 66.2%
XLRE•Small investors accounted for 66.2% of investor home purchases in the first half of 2026, the highest share in at least 15 years. Overall investor purchases fell to their lowest first-half level since 2020, representing 10.7% of home purchases.
1. Investor purchases shift
Small investors accounted for 66.2% of investor home purchases in the first half of 2026, while overall investor purchases fell to their lowest first-half level since 2020 and made up 10.7% of home purchases. Large and mega investors sold more homes than they bought, while small and medium investors remained net buyers. All-cash transactions made up 55.5% of investor purchases, compared with 30% marketwide; the median investor purchase price remained 22.4% below the non-investor median, despite a narrowing gap.
