2023 Housing Market: The Impact of Institutional and Foreign Buyers' Retreat

Institutional homebuyers like Yieldstreet, American Homes 4 Rent, and Invitation Homes have paused their purchasing activities in the 2023 housing market due to high interest rates and stabilized house prices. Yieldstreet has not made any purchases this year and is actually selling homes, while American Homes 4 Rent is a net seller. Invitation Homes has sold more homes than it has acquired but is expected to resume buying in the third quarter. These institutional buyers are waiting for stabilization in the debt markets and increased supply of resale homes to spur another surge in homebuying.