Tom York on Business: Investors Buying Up 25% of Affordable Homes for Sale in San Diego ...Middle East

A home for sale in Poway. File photo by Chris Jennewein Here’s a bit of an eye-popper when it comes to San Diego’s notoriously difficult real estate market. Online residential real estate platform Redfin says private investors snapped up 26% of the country’s most affordable homes in the fourth quarter — the highest percentage since records have been kept. This according to a news release just issued by the company. In the city of San Diego, the number of investor purchases of affordable homes increased by nearly 5% in the quarter, to just over 25%. According to Redfin, investors favor affordable homes because they cost less, “which is especially attractive when home prices an

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