New housing market data could have Valley buyers breathing a sigh of relief.
The Phoenix metro saw a 65% year-over-year drop in home purchases by investors during the second quarter, according to new data from technology-focused real estate firm Redfin.
That was among the biggest decreases in the nation, matching the declines in Las Vegas and Jacksonville. Atlanta's investor share also dropped 64% year-over-year, while Charlotte's fell 62%.
Phoenix saw 17% of home sales going to investors in the second quarter, down 32% from just a year prior, according to Redfin.
