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GFP, been looking for food producers in searches and get stuff like ADM, BG , etc, I am looking for food producers, not processors, fertilizers, water support or such. The only sort of pure food producers I find with stocks are CALM and CVGW. I feel if food prices rise sharply they will surely benefit. LAND really fits and not al all near all time highs and does a varity of foods, not just eggs(CALM) or avocados(CVGW) and LAND is low prices compared to it's recent history. GFP, do you know of any farm producer stocks, like CALM or CVGW?
LAND Description
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 169 farms, comprised of approximately 116,000 acres in 15 different states and 45,000 acre-feet of banked water in California, valued at a total of approximately $1.6 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, cherries, figs, lemons, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 20-plus years and harvested annually. Approximately 40% of the Company's fresh produce acreage is either organic or in transition to become organic, and over 10% of its permanent crop acreage falls into this category.[The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. Gladstone Land pays monthly distributions to its stockholders and has paid 123 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 30 times over the prior 33 quarters, and the current per-share distribution on its common stock is $0.046 per month, or $0.552 per year.
I do not find LAND on any list of food producers, making it a bit unknown to the majority of retail investors and could really boost the stock if food prices started soaring and it became known? It is know by institutions.
https://fintel.io/so/us/land
Is It Time To Buy Gold Stocks And ETFs After Banking Crisis? Here's What Charts Show.
Should have said, "After the First Banking Crisis"
https://www.investors.com/research/gld-stock-a-buy-right-now-heres-what-charts-show-2/
Snippet:
Gold stocks hold a valuable place in asset allocation for investors, especially in times of high inflation and economic uncertainty. Investing in gold can be tricky, but one of the best ways to gain exposure to gold is through the S&P Gold Shares ETF (GLD).
In March, gold bullion and coins, gold stocks and gold ETFs found new strength amid the banking crisis that was unfolding.
Gold futures hit a low on Nov. 3, then started a reversal after the Federal Reserve raised the fed funds rate by 75 basis points.
The GLD ETF followed a similar pattern, hitting a 52-week low on Nov. 3 and a 52-week high on May 4. The ETF broke out past the 181.73 buy point on March 17, and remains in the 5% buy zone reaching to 190.82, according to MarketSmith pattern recognition.
Pimco's Portfolio manager of Commodities and Real Assets, Greg Sharenow, says that despite the recent drop in price, gold is still expensive and might show further losses, but has long-term appeal.
Dan Wantrobski, technical strategist and associate director of research at Janney Montgomery Scott, sees more upside for gold.
"With recent dollar weakness and crisis in the U.S., gold prices have been shooting higher," he said. "And we believe there may be more to go for the precious metal. We are watching for potential resistance targets toward $1,950-$2,000 on gold prices in the weeks/months ahead."
Gold prices have rallied since March lows, trading around $1,980 per ounce. Factors such as a weak dollar, recession fears, sticky inflation and a potential interest rate-hike pause have lifted prices of the yellow metal.
_______________________
Gold futures are up about 22% since the Nov. 3 lows.
ETFs With Exposure To Gold
Fund name Ticker YTD through 6/6/23
U.S. Gold & Precious Metals GOAU 17.40%
Direxion Gold Miners (Bull 2X) NUGT 13.26%
VanEck Gold Miners GDX 10.36%
iShares MSCI Global Gold Miners RING 9.36%
GraniteShares Gold Trust BAR 7.59%
S&P Gold MiniShares Trust GLDM 7.65%
iShares Gold Trust IAU 7.55%
Aberdeen Standard Physical Gold Shares SGOL 7.50%
S&P Gold Shares GLD 7.49%
Aberdeen Precious Metals Basket GLTR 1.17%
A previous thought of yours was that in a crash, all ships could go down. And they did in early 2020, the COVID crash. I even saw Chinese stocks fell, gold, etc. then. Most bounced back up, probably as the insider Deep State crooks covered shorts and rebought.
But , that was not a debt crisis or such. I am not putting a big percent of my money in the market. It is fun trading, I curranty think inflation will heat up, thus food and metals are my main focus. What would gfp invest in if he thought inflation was about heat up and a debt crisis for dessert and a bear market.
I was bearish on stocks in the early 90's, what I missed in my thinking was the huge internet boom. I feel the same now and don't know what I'm a missing. Maybe the forecasters are missing something this time?
I fear one minor event could lead to a snowball affect could cause a steep crash like we have not seen in years.
It’s official. We’re in a bull market
https://www.cnn.com/2023/06/08/investing/bull-market-story/index.html
What could go wrong?
West Coast Ports See Longest Labor Disruptions Since 2015
https://www.bloomberg.com/news/articles/2023-06-07/west-coast-ports-see-extended-disruption-as-labor-talks-drag-on?leadSource=uverify%20wall#xj4y7vzkg
The largest bank run in history
https://www.axios.com/2023/03/11/the-largest-bank-run-in-history
Inflation Is Higher Than the Numbers Say
Do you trust our current government?
https://www.nytimes.com/2020/09/02/business/inflation-worse-pandemic-coronavirus.html#:~:text=While%20government%20statistics%20say%20inflation,pandemic%2C%20especially%20for%20poorer%20Americans.&text=The%20latest%20inflation%20statistics%20say,percent%20over%20the%20past%20year.
$LAND, like the declining volume last 2 days. Guessing another little leg up to the 200 day MA.
$RUM right on the edge of a 6 months new high(breakout)
Talk about sliding, look at CDE the past 5 days on a 1 month chart.. Most candles close near the bottom of the candle, yet it is going up....weird chart.
Current history RIBT, paint dried a month ago, now it is fading and starting to chip away.
$LAND, thanks for getting me on to it gfp!!! was down 47 cents early on, but ended up .03. I was think of selling for a bit, but no news and the volume was not massive, so I held. It could start forming a temporary top, we'll find out. Still holding.
https://finance.yahoo.com/quote/LAND/?p=LAND
Bar, they are about to change the rules on your buy and hold the S&P 500. From 1965 to 1982 the S&P went nowhere. The growth in the averages now has been crazy since 2008 and even from 1982 to 2088.. Just drop the S&P by 1/3, it would be 3056. And it was at that level just 3 years ago, inflated then too?. If you had figured total returns on the S&P 3 years ago, they would not have been very good. Plus maintenance fees, plus window dressing, the S&P every year drops dogs going down the drain like Kmart, JC Penny, Bed Bath and Beyond and replaces them with growing companies.
From March 2000 thru October 2002, the NASDAQ lost 2/3's of it's value, the S&P lost 50% of it's value.
https://www.upmyinterest.com/sp500/
In the 2008/09 bear, the S&P lost 56% of it's value. Since then the S&P is up 650%. And your figures are based on that market madness, near the top. Base that on the chart I posted above as proof.
My system gets me out with a 3% loss, yours could cost you 60% of you holdings, painfully over 2-3 years, or more based on the 1929 crash into the 30's.
Have a nice day, unless you've made other plans.
I tend to agree with you Bar in the mid to long term. I can bet your have read the once you learn the rules, they change them. I read a book years ago by William O'Neil, the founder if Investor's Daily. In his book one angle was buy stocks breaking out to a new 52 week high. Hey, I turned $15,000 into $30,000 in a year trading that way in 2006 and 2007. Then the big Bear beginning in 2008 and it quit working. After the bear ended it worked for a while, but then it got tough, many fakeout breakouts. IMO, the big money, much of it crooked, like the market maker took advantage of the system and made them fail with shorts or such to get the buyers to sell for a loss.
Fast forward to now and I checked my old system and it still does not work. I keep looking for angles, and one of them is working lately and when we enter a bear it will fail and I probably will lose my profits from it. But, I am excited because I can buy stocks and ETF's that will do well in crisis times, like gold, silver, etc and buy stocks that will do well in times of possible coming hyper inflation, like food stocks and etf
's that I can buy with my same chart system as I have been doing well with on stocks in a bull market.
If I pull a disappearing act from the board, you will know it quit working.
If you like gold, look at the NEM chart. Nice move last week and now a tight bull flag is forming.
LOL, I tend to agree with you.
I am in the camp that we, China, Russia and the rest of the world are already in a New World Order. What is going on is conditioning the general population minds to accept it. And that is part of my stock theme, things will get bad enough here, Europe and the rest of free world so we welcome it. China, capital punishment is used for even drug dealers, shoplifting is minimal in China because they punish it. The looking the other way on crime pisses me off, but there is a reason. There are no Hells Angels and no BLM. I could go on, but the way the USA has fallen the past 2 + years, many would welcome Russia and China's style socialism now. Oh and little meaningful unions. The stock markets will exist so "Our Masters" can take excess money from us sheep, same as now. Those who read this board will get rich, knowing what they are doing?
My guess we will see "minor leagues" and the "big world league" which might mean more international big tourneys and less on USA soil big money tourneys. Like the 3M Open will be a minor league tourney. and it already is anyway. Yes, it happened fast, but the big purses had to be reduced so the "Brass" will make more money, kind of like government models, in general, where they exist for themselves and they all get filthy rich and screw the little guy?
It is never the same? My example was in August 1982 the big bull started. But some stocks bottomed out before others in June. I remember the heavy industry stocks like the steels bottomed out in October. So, I am watching the 2xshort and long charts by industry. Usually the Nasdaq 100 and other big stocks are the last to fall, but they do keep changing the rules. I like the charts for evidence. If half work out I make money if I get out of the bad ones as soon as possible when they fail. But, I never traded 2/3X groups before. It looks good on paper, lol, as many PLANs do before I get into playing them.
I strongly believe our markets will have a bad bear, when is the problem. Many false starts likely.
https://www.proshares.com/our-etfs/find-leveraged-and-inverse-etfs
$LAND, Having fun with a buy a week ago, added more yesterday. In is like a fund, but not, buys farmland and leases it to farmers. it has Chinese connections. Those balloon flyers did not help the stock. I did investigate total Chinese stocks and saw some spooky chart action, so I'm not trading any of them. Land even has a 3.36% dividend, own by June 20th.
https://finance.yahoo.com/quote/LAND?p=LAND
China connection>>
https://www.globenewswire.com/news-release/2019/10/14/1929209/0/en/Gladstone-Land-Reports-on-China-s-Plan-to-Buy-More-U-S-Grains-and-Offers-Additional-Information-on-its-External-Structure.html
bigworld, my favorite stock chart play is a buy for DOG. A new bottom up channel line has formed with 3 bottoms in Dec, early May and now. I wish stock charts would let us paste them here. for free. My stock money is fully in play right now, had a lot of plays pop up recently and just that thought alone tells me things might be a sign the market is turning down.
DXG compares.
DewDiligence, nobody, but nobody, has a more fitting moniker than you, on any stock market message board system.
My 2 best holdings in past week are LAND and DBA. Both are up against an upper falling channel line, resistance. I can bet Rinear would be selling today.
11 and 16, How do the pros land it near the green over the sand traps and not go over the green?
$DBA - A food fund based on food commodities. I like the chart as a 3 bottom ascending support line(January, March and May) connected a third bottom. I like that play. Food I feel could bounce, hoping oversold from last years highs. Ukraine crops down and a drought could be forming in the USA this summer, already started last year. I bought it last Tuesday.
https://droughtmonitor.unl.edu/Maps/CompareTwoWeeks.aspx
Friday DBA had a 2,000,000 share buy after the bell. Inspite of a down day today, DBA had 2/1 buy over sell volume.
https://fintel.io/so/it/dba
I also today added a fund $WEAT, chart looks most oversold of the major grains. Rice a bit under fire about contributing to global warming(BS IMO), might help the other major grains.
The kicker is a new story out Friday, America Signs Global Climate Agreement to Crack Down on Farming To me this could raise food prices and maybe even cause temporary shortages?
https://slaynews.com/news/america-signs-global-climate-agreement-crack-down-farming/
Democrat President Joe Biden’s administration has signed a global agreement with 12 other nations to crack down on farming to “save the planet” from “climate change.”
The agreement, led by the United States, has been signed by several major cattle and food-producing states including Australia, Germany, Argentina, Brazil, Chile, and Spain.
The nations signed onto a commitment to place farmers under new restrictions to reduce emissions of methane gas.
Biden’s “climate czar” John Kerry is representing America in the pledge.
The Global Methane Hub announced in a press release that agriculture and environmental ministers and ambassadors from 13 countries, including the U.S., have signed a commitment that pledges to reduce methane emissions in agriculture.
Interestingly, China and Russia are not mentioned at all in these anti-food policies.
According to the press release issued by these nations:
Last month (in April 2023), the Global Methane Hub collaborated with the Ministries of Agriculture of Chile and Spain to convene the first-ever global ministerial on agricultural practices to reduce methane emissions.
The ministerial brought together high-ranking government members to share global perspectives on methane reduction and low-emission food systems.
The gathering led to a statement in which the nations committed to support efforts to improve the quality and quantity of, and access to, finance for climate change adaptation and mitigation measures in the agriculture and food sectors and to collaborate on efforts aimed at lowering methane emissions in agriculture and food systems.
Conference participants included the Food and Agriculture Organization of the United Nations, the Climate & Clean Air Coalition, the Inter-American Institute for Cooperation on Agriculture, the World Bank, the Organization for Economic Co-operation and Development, and the Inter-American Development Bank.
Along with the UN, the World Bank has become increasingly vocal about a coming famine.
On May 22, the World Bank issued a white paper titled Food Security Update: World Bank Response to Rising Food Insecurity.
Starting in September of last year, the director of the United Nations World Food Program has also been putting out dire warnings about a coming global famine.
According to the World Bank, the UN, the Biden admin, the World Economic Forum (WEF), and their allies, modern food production is destroying the planet by causing “global warming.”
Therefore, according to the green agenda, farming must be targeted because it produces methane which supposedly harms the environment.
“Food systems are responsible for 60% of methane emissions,” said Marcelo Mena, CEO of Global Methane Hub.
“We congratulate countries willing to take the lead in food systems methane mitigation and confirm our commitment to support this type of initiative with programs that explore promising methane mitigation technologies and the underpinning research of methane mitigation mechanisms to create new technologies.”
Read the link for the rest of it
As Arnold would put it, "I'll be BAAAACK". been busy. You got one of the best big stock boards online anywhere.
Today's All US Exchanges Percent Change Advances
https://www.barchart.com/stocks/performance/percent-change/advances?screener=overall
Today's All US Exchanges Percent Change Declines
https://www.barchart.com/stocks/performance/percent-change/declines?screener=overall&orderBy=percentChange&orderDir=asc
3X bear funds was just an example of a thought, the most extreme and yes, laughable.
DBA, new story --bullish for food price increases?
America Signs Global Climate Agreement to Crack Down on Farming
https://slaynews.com/news/america-signs-global-climate-agreement-crack-down-farming/
Democrat President Joe Biden’s administration has signed a global agreement with 12 other nations to crack down on farming to “save the planet” from “climate change.”
The agreement, led by the United States, has been signed by several major cattle and food-producing states including Australia, Germany, Argentina, Brazil, Chile, and Spain.
The nations signed onto a commitment to place farmers under new restrictions to reduce emissions of methane gas.
Biden’s “climate czar” John Kerry is representing America in the pledge.
The Global Methane Hub announced in a press release that agriculture and environmental ministers and ambassadors from 13 countries, including the U.S., have signed a commitment that pledges to reduce methane emissions in agriculture.
Interestingly, China and Russia are not mentioned at all in these anti-food policies.
According to the press release issued by these nations:
Last month (in April 2023), the Global Methane Hub collaborated with the Ministries of Agriculture of Chile and Spain to convene the first-ever global ministerial on agricultural practices to reduce methane emissions.
The ministerial brought together high-ranking government members to share global perspectives on methane reduction and low-emission food systems.
The gathering led to a statement in which the nations committed to support efforts to improve the quality and quantity of, and access to, finance for climate change adaptation and mitigation measures in the agriculture and food sectors and to collaborate on efforts aimed at lowering methane emissions in agriculture and food systems.
Conference participants included the Food and Agriculture Organization of the United Nations, the Climate & Clean Air Coalition, the Inter-American Institute for Cooperation on Agriculture, the World Bank, the Organization for Economic Co-operation and Development, and the Inter-American Development Bank.
Along with the UN, the World Bank has become increasingly vocal about a coming famine.
On May 22, the World Bank issued a white paper titled Food Security Update: World Bank Response to Rising Food Insecurity.
Starting in September of last year, the director of the United Nations World Food Program has also been putting out dire warnings about a coming global famine.
Accoridngtin to the World Bank, the UN, the Biden admin, the World Economic Forum (WEF), and their allies, modern food production is destroying the planet by causing “global warming.”
Therefore, according to the green agenda, farming must be targeted because it produces methane which supposedly harms the environment.
“Food systems are responsible for 60% of methane emissions,” said Marcelo Mena, CEO of Global Methane Hub.
“We congratulate countries willing to take the lead in food systems methane mitigation and confirm our commitment to support this type of initiative with programs that explore promising methane mitigation technologies and the underpinning research of methane mitigation mechanisms to create new technologies.”
Read the link for the rest of it
gfp, first of all, the current major market averages may be skewed drastically to the high side and if so, your long term gains of the S&P might not look so good if the current averages were cut in half. and if so, the S&P 500 would still be higher than the top in 2017 .>>>>
https://finviz.com/futures_charts.ashx?p=m&t=ES
Second, we have been back and forth about possible coming of a NWO and many say 2030 i'e Walther Veith you tubes.. I strongly believe we have a one party system disguised as 2 that is guiding us into a NWO. To make US citizens want it, I strongly believe they will(are) make things miserable enough so the the majority feels a NWO with advantages they will present it at the max crisis time will seem pretty good.
The stock market wiil crash, gold go way up, inflation of all sorts, etc.
OK, bar, quit laughing. It does not matter if I am wrong or right by playing charts. If gold, LAND, food stocks go up trendline will form. I will catch some of it. If the charts reverse, I am out.
By the way, markets will not end. Even China loves them. The big money behind most everything controls most all the medium and big companies. They control a lot of people with their corporations. What I am doing NOW, is switching my trading from basic stocks of all kinds and favoring stocks I feel will benefit from a collapsing economy. Your recent post about "Trillion-Dollar Treasury Vacuum Coming for Wall Street Rally" sort of ties right in.
Any thoughts that might help my selection? I have even thought of dollar cost averaging the SQQQ and TTT 3X bear funds. But, if this takes 7 more years, I am broke, lol.
It may be more for investment survival than making money.
End of Sunday entertainment.
What I like about my treading system is the charts tell me when to buy and sell. I base most my trades on what "they" would call inflections points. Those are stocks approaching breakouts of channel lines and or moving averages or falling to those areas of support. Sometimes I out think a buy and am sorry and bear markets are tough. I like upending charts. There are good buys in bear markets, just not as many. I am open to thoughts.
Post of interest from Dew's board about yesterday's stock action that I somewhat agree with.
n4807g
;) "Happy Hour" started early for markets. Too frothy for me, skeptical the FED has a handle on anything, coupled with the AI mania which looks well ahead of reality. Of course exuberance and a fear of missing the next run-up are too tempting for many to resist. Party on.......
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172042377
Sorry bar, I did not think it worthy to etch the source in my memory. I was agreeing with a previous post of yours that basically said we can't believe many of the stock success stories. Kind of like watching a TV cop show where the cops are relaxing over a few drinks talking about the days events. You seldom see the other seedy side of alcohol.
I read an article recently that said that a basket of microcap stocks will outperform a basked of big cap stocks. But as you and bar were discussing recently, articles can not always be believed. Was the article written by a friend of a small cap fund manager or such? Did he include dividends that few if any microcap stocks even have? I just recently saw that the world is flat, according to one source and that I do believe it is true because maps are flat. There is so much fake news about the world being round.
I like to follow the big money and yes they are not always right. I figure maybe a 15% plus gain or mental stopped out with a 5% loss. If I am right half of the time, I make money. I got to stay away from bear markets better, lol. Big money going into DBA and IAG today. My fear is an "incident" will kick in higher inflation soon and maybe the big money knows that? I'd rather be wrong, I'm mostly out of the market.
Not a fan of Dew's boards, they do mostly big stodgy stocks that bore me. Dew does do well though, better than me , but not many 3 baggers ever.
$RIBT, I had family ties to that pig, I supported them more than the stock with my posts. They are trying to divest the company, sell parts or all of it in parts.
https://finance.yahoo.com/news/ricebran-technologies-names-william-j-200600370.html
I have heard rumors and NONE of them have worked out. The strange thing is that someone is supporting the stock in the mid 80 cent range the last 2 weeks.. It goes down to .80 intra day and back up to .85 at the close with small volume. The last few days the sellers were nowhere. My guess they sell it in parts for no more than $1 per share, maybe even .85, lol.. I wish they sell it soon and have closure.
https://finance.yahoo.com/quote/RIBT/history?p=RIBT
My relatives have not been in the company since 2016 or so, some are bag holders as I am.
Good night!!!!!
No, IAG is a gold producer. The late big volume caught my attention>>>
https://ih.advfn.com/stock-market/NYSE/iamgold-IAG/trades
And the institutions total shares is holding and may increase with the big trades today. The second little chart at the topshows call volume really increased recently and puts decreased. It looks like the big puts in the past were right on. In this crooked world, to think that we know as much as the big money is questionable.
https://fintel.io/so/us/iag
BYND, I remember watching instructions selling it like mad last year before the really bad news came out. Then I remember when the stock was issued, like 6 months later they had a secondary offering "To help initial investors out", gees, they even said that. At that point it was over a 4X gain, since the stock initially opened higher than priced at.
https://fintel.io/so/ca/bynd
Buy on dips is why I bought DBA, and IAUM and ALLK. LAND was sort of a dip. They will all probably fall Monday? IAG is a day past the dip. If it gaps up, I won't buy.
IAG (gold)had more up than down volume on a down day. Plenty of institutions in there, plenty of them that could sell too? I might sell IAUM and buy IAG Monday.
https://ih.advfn.com/stock-market/NYSE/iamgold-IAG/trades
Note the put verse call chart at the top shows IAM switching from more institution puts to calls.
https://fintel.io/so/us/iag
DBA had a post market 2,000,000 buy 5 cents above the close. Total buy vs sell was 4/.37, huge buy over sell even w/o the 2M trade. What that means for Monday? Probably nothing, lol.
https://ih.advfn.com/stock-market/AMEX/invesco-db-agriculture-DBA/trades
LAND, ALLK doing OK too, IAUM about even, dumb luck on the timing. Agree with the board, watch out for Monday.
Redfin Reports Investor Home Purchases Fell a Record 49% Year Over Year in the First Quarter
It has started?
https://marketwirenews.com/news-releases/redfin-reports-investor-home-purchases-fell-a-record-8007097221594683.html
That outpaced a 41% drop in overall home purchases, as rising interest rates and falling home values caused investors to retreat
(NASDAQ: RDFN) — Real estate investors purchased 48.6% fewer homes in the first quarter of 2023 than they did a year earlier as elevated interest rates along with declining rents and housing values ate into potential profits, according to a new report from Redfin ( redfin.com ), the technology-powered real estate brokerage.
That’s the largest annual decline on record, and outpaced the 40.7% drop in overall home purchases in the 40 major metros tracked by Redfin.
Investor purchases fell 15.9% on a quarter-over-quarter basis, comparable with the 14.7% quarterly drop in overall home purchases.
“While investors have pumped the brakes on home purchases, they’re still scooping up a bigger share of homes than they were before the pandemic, which can create challenges for individual buyers at a time when there are so few homes for sale,” said Redfin Senior Economist Sheharyar Bokhari. “Investors have gravitated toward more affordable properties due to still-high housing costs and rising mortgage rates, which has left first-time homebuyers with fewer starter homes to choose from.”
Investors bought up scores of homes during the pandemic because record-low mortgage rates and skyrocketing housing demand created opportunities for hefty returns. Now they’re pulling back in response to the rise in interest rates, which is causing housing values to continue falling in much of the U.S. as homebuyer demand falters. While many investors buy homes with cash, they’re still impacted by high interest rates because they often take out non mortgage loans to cover renovations and other expenses.
“It’s been about eight months since one of my listings sold to an investor,” said Jacksonville, FL Redfin Premier real estate agent Heather Kruayai . “I rarely get offers from investors these days, and when I do, it’s a lowball offer on a house that’s been sitting for a while. Some smaller companies and mom-and-pop investors are still active in the market, but the big corporations aren’t buying anymore.”
Borrowing costs climbed even higher in May, meaning investors may pull back from the housing market further in the second quarter. Investor home purchases typically rise on a quarter-over-quarter basis in the spring, but they may fall flat or decline when second-quarter data comes in.
For investors who are landlords, slowing rent growth is also making it harder to reap profits. And investors who are in the business of flipping homes are finding it more challenging to make money because they’re increasingly likely to resell homes at a loss due to declining home prices. Roughly one of every seven homes (13.5%) sold by an investor in March sold for less than the investor bought it for, just shy of the seven-year high set in February. The share was even higher—20.8%—for home flippers.
Investor home purchases in the first quarter of 2022 were near their record high, which is another reason the year-over-year decline in 2023 was so dramatic. Investors bought 41,181 homes in the metros tracked by Redfin in the first quarter of 2023, down from 80,128 a year earlier, which wasn’t far from the record high of 95,124 in the third quarter of 2021.
Overall, investors bought $27.5 billion worth of homes in the metros tracked by Redfin in the first quarter, down 46.3% from $51.2 billion one year earlier and down 12.4% from $31.4 billion one quarter earlier. The typical home investors purchased cost $427,901, which means little changed from the prior quarter and a year earlier.
Investors Bought 18% of Homes Purchased in the First Quarter
While investors are purchasing fewer homes than they were before the pandemic, their market share remains relatively high; they bought 17.6% of homes purchased in the metros tracked by Redfin in the first quarter. That’s down from a peak of 20.4% a year earlier but higher than any quarter on record prior to the pandemic.
Investor market share is likely above pre-pandemic levels in part because so many individual homebuyers have been priced out of the market, Bokhari said. For it to come down substantially, investors would need to pull back much more than regular buyers; right now, both groups are retreating rapidly from the market.
Investor Home Purchases Plunged in the Sun Belt
In Nassau County, NY , investor home purchases fell 67.9% year over year in the first quarter, the largest decline among the 40 metros Redfin analyzed. Next came Atlanta (-66%) and Charlotte, NC (-66%), Phoenix (-64.2%) and Nashville, TN (-60.4%). Rounding out the top 10 are Las Vegas , Jacksonville , Philadelphia , Tampa, FL and Orlando, FL , which all saw declines of more than 50%.
All but two of the metros above (Nassau County and Philadelphia) are in Sun Belt states, which soared in popularity among homebuyers during the pandemic. Investors piled in to capitalize on surging rents and home values, and are now pulling back as Sun Belt housing markets slow relatively quickly after getting overheated in recent years.
In Phoenix, 30.7% of homes sold by investors in March sold at a loss—the highest share of the 40 metros Redfin analyzed and more than double the national rate, a separate Redfin analysis found. Next came Las Vegas (28%), Jacksonville (20.9%), Sacramento, CA (20.2%) and Charlotte (17.4%).
Investor purchases may also be declining in Atlanta, Charlotte, Las Vegas and Phoenix because those markets were popular among iBuyer investors. Many iBuying companies, including RedfinNow, ceased or slowed operations in recent years.
Baltimore saw the smallest decline in investor purchases, which fell 8.8% year over year in the first quarter. It was followed by Providence, RI (-9.6%), Seattle (-15.5%), Milwaukee (-21.6%) and Cleveland, OH (-23.2%).
Investors Lost Most Market Share in Charlotte, Atlanta and Phoenix
Investors lost market share in 17 of the 40 metros Redfin analyzed. Many of those are places where investor purchases dropped significantly. In Charlotte, investors bought 18.4% of homes purchased in the first quarter, down 14.1 percentage points from 32.5% a year earlier. That’s the largest percentage-point drop among the metros in this analysis. Next came Atlanta (-14 ppts), Phoenix (-11.1 ppts), Jacksonville (-10.7 ppts) and Nashville (-9.3 ppts).
Investors gained the most market share in Baltimore, where they bought 21.6% of homes purchased, up from 17% a year earlier (4.6 ppts). Next came Nassau County (4.3 ppts), New York (4 ppts), Providence (3.4 ppts) and Seattle (2.8 ppts).
Overall, investors had the highest market share in Miami , where they bought 30% of homes purchased in the first quarter. Rounding out the top five are Cleveland (24%), Anaheim, CA (22.6%) Detroit (22%) and Jacksonville (22%).
Investors had the lowest market share in Warren, MI (10.6%), Montgomery County, PA (10.6%), Washington, D.C. (10.6%), Minneapolis (11.1%) and Portland, OR (11.5%).
Low-Priced Homes Made Up Increasing Share of Investor Purchases
Low-priced homes made up nearly half (48.7%) of investor purchases in the first quarter, the highest share in two years. Meanwhile, mid-priced homes represented about one-quarter (23.6%) of investor purchases, the lowest share in two years. High-priced homes made up 27.7%, little changed from the prior several quarters.
Investors bought 24.9% of all low-priced homes that were purchased in the metros tracked by Redfin in the first quarter, comparable with the 25.3% record high set a year earlier. Meanwhile, they bought 12.5% of mid-priced homes that were purchased, the lowest share in two years, and 15.3% of high-priced homes.
The investors who are still in the market have gravitated toward more affordable properties due to still-high home prices and elevated interest rates. A record 41.1% of investor purchases in the first quarter were starter homes— homes with 1,400 or fewer square feet—up from 37.2% a year earlier.
To view the full report, including charts, metro-level data, and methodology, please visit: https://www.redfin.com/news/investor-home-purchases-q1-2023