Investors gobbled up roughly one in six homes in the Miami metro area, leading the nation in the percentage of investor-purchased residential properties, according to the latest federal mortgage data.
The study, carried out by Reliable Cash House Buyers, analyzed Home Mortgage Disclosure Act data from the Consumer Financial Protection Bureau covering 2023 and 2024 loans from the 71 largest U.S. metro areas.
It found that investors obtained 17% of all residential mortgages in Miami. The national average was far less at 9.4% leads. Only Oklahoma City (17%) and Memphis (15.9%) were comparable to Miami…