The Jacksonville area is now ranked one of the top five metro areas in the U.S. where investors bought the highest share of homes in 2021, according to the real estate company Redfin.
Jacksonville was ranked fourth. Only Atlanta, Charlotte and Miami beat out Jacksonville in the number of investors buying homes, followed by Phoenix, which is ranked No. 5, and Orlando, ranked sixth.“I’m 100% against it, because the investors will buy them, and hold them forever turning your area into nothing but rentals,” wrote Displayname.Truthteller wrote: “Great for sellers but not so good for buyers.
Round Table Realty broker and owner Howard Flaschen says investors seized on the opportunity during the pandemic. But Flaschen and his team say some builders are rejecting offers from out of state investors and instead accepting offers from large local corporations, local companies or wealthy people.“And because the builders are aware of this, the builders are now not allowing investors to buy new construction,” said Realtor Erica Jolles, with Round Table Realty.
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