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nvestors continue to dominate the US housing market, with Dallas and Houston leading the nation in investor home purchases. According to Cotality's data, investors accounted for 32% of single-family home purchases in January, easing to 29% by June. This share remains above historical norms and is significantly higher than the 25% mark seen in June 2024.

    The resilience of investors in a high-price, high-rate environment has allowed them to meet rental demand, with cash purchases and strong rental returns helping offset elevated interest rates and home prices. Cotality reports that investors are buying approximately 85,000 homes per month in 2025, comparable to the 84,000 monthly average in the first half of 2024.

    Medium-sized investors have driven recent gains, expanding their market share from 6% in June 2024 to 10% in June 2025. Small investors remain the largest segment at 14%, while large and mega investors account for smaller shares. Geographically, Dallas and Houston lead the nation in both investor and overall purchases, followed by Atlanta, Phoenix, and Los Angeles.

    Seasonal trends persist, with investor share peaking in winter and declining in summer as owner-occupied buyers re-enter the market. Cotality expects investor share to hover between 25% and 30% for the foreseeable future, absent major shifts in interest rates or macroeconomic conditions.