Investors are buying 1 in 4 homes in Raleigh, 1 in 5 in Durham

Source: WRAL Tech Wire — 

RALEIGH – Real estate investors are expanding their portfolios, beating out first-time buyers and other potential buyers looking to acquire residential property across the Triangle and North Carolina.

The latest data on investor activity, shared with WRAL TechWire upon request to national real estate brokerage Redfin, shows that nationwide, investors picked up the pace of acquisitions in the latter half of 2021.