As home prices fall and rates rise, buyers are dropping out of the market. Consequently, some investors are losing money on real-estate, according to a new report.

The report from Redfin RDFN, which looked at investor-home purchases on a county level and combed through data across 40 of the most populous U.S. metros between 2000 and 2022, found that 13.5% of homes sold in the U.S. by an investor in the month of March were at a loss.

In…

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