00:00Do you think the U.S. housing market has cooled?
00:03In fact, there is a group of people who are quietly taking over
00:05They are not high-demand buyers
00:07Not a big Wall Street institution
00:08But retail investors
00:10ordinary landlord
00:11These invisible players you may never pay attention to
00:14In some areas of California
00:16Investors have bought more than 80% of single-family homes.
00:20This group of people is quietly becoming the main force in the US real estate market
00:23Today we will take a look
00:25Who is buying real estate in the United States?
00:26Where do these people buy it?
00:28What are they betting on?
00:29Since this year
00:30US housing prices remain high
00:33Mortgage interest rates remain high at around 6.5% to 7%.
00:36For many families planning to buy their own home
00:39This is far beyond their tolerance.
00:41Many people can only press the pause line first
00:43Choose to continue to wait and see
00:45At the same time
00:46Those with more cash on hand
00:48Investors with higher risk tolerance
00:51But quietly entered
00:52According to the real estate data platform
00:54Bestata's statistics
00:55The first quarter of this year
00:5726.8% of residential transactions
01:00From investors
01:01Not only is it much higher than from 2020 to 2023
01:04The average level for this period was 18.5%.
01:07This is also the highest proportion in the past five years.
01:10Although the number of investors buying houses
01:11It only increased by 1.2% compared with the same period last year
01:14But considering that the total transaction volume of the entire market is declining
01:17This increase in proportion is even more intriguing.
01:20As traditional buyers turn to the sidelines due to high housing prices and high interest rates
01:24Investors’ presence in the market has become more visible
01:28This investment wave is particularly prominent in California.
01:31According to a report from the City and County Cornerstone Newspaper
01:33Currently, one in five homes in California
01:36Owned by investors
01:37Some of them have rich tourism resources
01:39Mountainous areas with relatively small populations
01:41The proportion of investment is even more astonishing
01:43For example, 82% of Sierra County's homes are single-family.
01:46Held by investors
01:48Trinity County has about 77%
01:51The two counties of Mano and Alpine are
01:5374% and 68%
01:56These areas are generally holiday homes.
01:58There are also areas where short-term rentals are concentrated.
02:00In recent years, driven by Airbnb and other short-term rental platforms,
02:04Remote management and short-term high returns have become a new investment opportunity
02:08In contrast,
02:09Among the big cities such as San Francisco in the Bay Area and Los Angeles in Southern California
02:13Despite higher housing prices
02:15But the proportion of investors is not high
02:17Many areas such as San Francisco
02:18and Southern California cities and counties
02:20and Santa Clara in Northern California
02:21These areas are basically concentrated between 15% and 17%.
02:25Because the more core the market
02:27The higher the entry threshold
02:28The rental return period is also longer
02:31Instead, some low-threshold peripheral areas
02:34Easier to attract retail investors
02:37From the perspective of the United States
02:39The number of homes currently owned by investors in California
02:42About 1.45 million sets
02:44Second only to Texas in the United States with 1.66 million units
02:47Florida ranked third with 1.21 million units.
02:51These three states together account for
02:54Nearly a quarter of homes are investment properties
02:56The structure of this round of investment boom
02:58It's different from before
02:59It is not made by Blackstone
03:01There are also Invitation Homes
03:02These Wall Street investment giants
03:04The investment institution trend led by
03:06But by a large number of small and medium-sized landlords
03:08Individual real estate investors
03:10The retail investor tide
03:11That data shows
03:12About 85% of investors in the United States
03:14Only own one to five properties
03:17Many people buy with their savings
03:19or through refinancing of an existing property
03:21Cash out the money and reinvest it
03:23They are not looking for long-term capital appreciation
03:25More hope through short-term rental
03:27Or stable rental
03:28Get cash flow benefits
03:30Now, high interest rates
03:32In an environment with high housing purchase thresholds
03:34Cash buyers have a natural advantage
03:37High loan interest rates
03:38Slow approval
03:39It is often difficult for ordinary families to act quickly
03:41Make a decision
03:42These investors
03:43They have ample cash reserves
03:45You can skip the more stringent
03:47And the lengthy loan process
03:49Many homeowners are selling their homes
03:50During the bargaining phase
03:52Give them priority
03:54I think investors
03:56Now trade in cash
03:57The main force of the Lord
03:59That portion of people refinance their home equity
04:01Make rolling investments
04:03In the current market
04:04Their strategy is very competitive.
04:06As the listing time of houses increases
04:08Sellers attach great importance to transaction speed
04:11Able to spend thousands of gold
04:12Become a very hard pass
04:13This also explains why
04:15Total real estate transactions in the United States
04:17Although there is no rebound
04:18But the role of investors in this
04:20Becoming more and more critical
04:21I think if the Fed
04:23If interest rates really start to cut this year,
04:25Hedge Funds
04:27There are also family offices
04:28High net worth individuals
04:30There will be more motivation to bring high quality
04:31Incorporate investment properties into asset allocation
04:34Real estate will continue to be
04:35They see stable returns
04:37Configuration target
04:38However, the return of traditional buyers with urgent needs
04:41I'm afraid we still have to wait
04:42As long as interest rates remain high
04:44For most people who rely on loans
04:46For families buying houses
04:47Buying a house is still a heavy burden
04:49However, this is a
04:52Leading real estate relay race
04:53Is it a turning point?
04:55Or is it a sign of a bubble?
04:56It's worth continuing to observe
04:58I am Sun Sitao
04:59Focus on US real estate trends
05:01Digging deep into the truth behind the data
05:03If you like this kind of in-depth analysis
05:04Don't forget to like and subscribe
05:06Share with those around you
05:07Friends who are also looking at houses
05:08See you next time
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