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Substantial Drop in Investor Home Purchases in Charlotte Region

Earlier this year we saw a huge rate of investor home purchases in the Charlotte region. Investors bought about a 25.2% of the homes sold in Charlotte during the third quarter, down from 32.3% a year ago.However, now that the local real estate market has slowed down so have investor purchases. Redfin, an online real estate company reported that Charlotte is one of several markets seeing the biggest drops, with investor purchases falling 41.7% in the third quarter from a year earlier.… Read full Businesswire article.