Small Investors' Share of Investor Home Purchases Hits 15-Year High of 66.2%

• Small investors accounted for 66.2% of investor home purchases in first-half 2026, the highest share in at least 15 years.
• Overall investor purchases fell to their lowest first-half level since 2020, representing 10.7% of home purchases.
• Large and mega investors sold more homes than they bought; small and medium investors remained net buyers.
• All-cash transactions comprised 55.5% of investor purchases, compared with 30% marketwide.
• The median investor purchase price remained 22.4% below the non-investor median, despite a narrowing gap.

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