The percentage of Vermont homes bought by investors more than doubled in 2021, according to data from a company that analyzes property information.
“We saw mortgage rates hit historical lows,” said Selma Hepp, deputy chief economist at California-based CoreLogic. “As a result of that, we saw much more activity from investors.”
Hepp said investors were also attracted by the fact that rents soared by 12 percent nationwide in 2021. She pointed out that while Vermont had the most dramatic increase in the percentage of investors in the market, investors were buying up properties all across the country.
Before the pandemic, she said, investors represented 15 percent of home buyers nationwide. That number shot up to 26 percent at the beginning of this year, she said.