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MortgagePoint ยป Your Trusted Source for Mortgage Banking and Servicing News 76 July 2025 J O U R N A L negative proportional impact in 2024. Miami saw a decline in investor buyers, investor sellers, and total transactions in 2024, indicating that the overall slowing market is the cause of the net-negative impact of investors in Miami. Pittsburgh's robust housing market is demonstrated by the growth in investor buyers, investor sellers, and total transactions. Perhaps as a result of high housing costs, which might dam- age traditional buyers while opening doors for investors, the total amount of transactions in New York City decreased but investor, seller, and buyer activity increased. In these markets, investors generally purchased more homes than they sold, which reduced the number of available properties for traditional buyers. The rising dominance of small investors was a noteworthy feature in the 2024 data. Some 59.2% of investor purchases were made by small investors, which are defined as entities that have bought fewer than ten residences. This is the greatest percentage in the history of data. Large investor activity, which includes companies that have bought 50 or more properties, on the other hand, decreased to 21.7% of acquisitions, the lowest level since 2007. In 2024, small investors bought 361,900 homes, up 3.7% from the previous year, while large in- vestors bought 132,500 homes, the fewest since 2018. In 2024, investors were more likely to use debt, even while all-cash sales increased in the broader housing market. While still accounting for roughly twice the cash proportion of all home purchases, all-cash investor sales dropped to their lowest level since 2008. From its peak of 65.6% in 2023 to 62.0% in 2024, the cash purchase share for small investors fell to its lowest level since 2008. In 2024, the major investor cash-buy share dropped to its lowest level since 2015, from 73.2% in 2023 to an estimated 68.9%. Montana, Oklahoma, Utah, Dela- ware, Idaho, and Wyoming have had the most increases in investor purchases as compared to pre-pandemic (2019). The epidemic caused a population boom Top 10 States with the Highest Share of Investor Buyers U.S. State Investor Buyers (2024 Share) YoY Missouri 21.2% 0.3% Oklahoma 18.7% 0.2% Kansas 18.4% 1% Utah 18% 0.3% Georgia 17.3% 1.2% Montana 17.2% -0.1% Mississippi 16.7% -1.1% Wyoming 16.3% 0.9% Indiana 16.1% 0.6% Alabama 15.9% 0.8% Top 10 States with the Highest Share of Investor Buyers Metro 2024 Net Investor Impact Miami-Fort Lauderdale-West Palm Beach, FL -5.7% Pittsburgh -5.1% New York-Newark-Jersey City, NY-NJ -4.4% St. Louis, MO-IL -4.3% Hartford-West Hartford-East Hartford, CT -3.9% Kansas City, MO-KS -3.7% Austin-Round Rock-San Marcos, TX -3.6% Tampa-St. Petersburg-Clearwater, FL -3.5% Birmingham, AL -3.4% Cleveland -3.3% Top 10 States with the Highest Share of Investor Purchase Growth Average Share of Investor Buyers U.S. State 2019 2024 vs. 2019 Montana 10.9% 17.2% 6.3% Oklahoma 13% 18.7% 5.7% Utah 12.6% 18% 5.4% Delaware 9% 14.3% 5.3% Wyoming 11.4% 16.3% 4.9% Idaho 8.9% 13.8% 4.9% Kansas 13.6% 18.4% 4.8% Ohio 10.2% 14.7% 4.5% Alabama 11.8% 15.9% 4.1% Massachusetts 4% 8.1% 4.1%