In late 2025, investors purchased over 32% of single-family homes, marking the third consecutive quarter above 30%, despite a 4.5% drop in total investor purchases from 2024. Smaller landlords with 1-5 properties held nearly 92% of investor-owned homes, while large investors with 1,000+ homes were net sellers for the eighth quarter. Investor ownership was highest in tourism-heavy states and parts of the...