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American City Business Journals
Rising rates won’t deter corporations and investors buying Orlando homes
The recent purchase of an 87-home Brevard County community by funds backed by Goldman Sachs Group Inc. (NYSE: GS) made headlines from Yahoo to The New York Post, but it only showcased a fraction of the power investors have in the local housing market. The $45.7 million deal is an example of investors snatching up Central Florida homes at a time when they’re historically tough for everyday homebuyers to snag. In fact, investors spent $1.1 billion on metro Orlando homes in fourth-quarter 2021, accounting for 26% of all home purchases that quarter, Redfin Corp. (Nasdaq: RDFN) reported.
