Flock Homes-ResiClub Real Estate Investor Survey, as told by 15 charts

In today’s issue, you’ll see the full results of the Flock Homes-ResiClub Real Estate Investor Survey.

ResiClub is a news and research outlet dedicated to covering the U.S. housing market.

Flock Homes has empowered 150+ clients with the 721 exchange, a powerful tax and retirement strategy enabling landlords to fully leave behind the hassles of real estate investing without sacrificing cash flow or triggering capital gains taxes. Flock's team of experts holds decades of collective real estate and investment experience, hailing from institutions including J.P. Morgan, Progress Residential, and State Street Global Advisors.

In total, 284 real estate investors who own investment/rental properties completed the survey, which was fielded between October 8 and October 21, 2024. To those who participated in the survey: THANK YOU!

Let’s look at the results.

Among the 284 real estate investors who participated in the Flock Homes-ResiClub Real Estate Investor Survey, here’s how many rental/investment properties they own:

1-4 units —> 46.1% 

5-19 units —> 38.7% 

20-99 units —> 10.9% 

100+ units —> 4.2%

How we grouped the regions by state in the survey 👇

Midwest: IA, IL, IN, KS, MI, MN, MO, ND, NE, OH, SD, and WI

Northeast: CT, DC, DE, MA, MD, ME, NH, NJ, NY, PA, RI, and VT

Southeast: AL, AR, FL, GA, KY, LA, MS, NC, SC, TN, VA, and WV

Southwest: AZ, NM, OK, and TX

West - AK, CA, CO, HI, ID, MT, NV, OR, UT, WA, and WY

The "refi boomlet" is fizzling following the latest jump back up in mortgage rates 👇

6.92% —> The average 30-year fixed mortgage rate today, as tracked by Mortgage News Daily. That’s up from the 6.11% low on September 11, 2024.

269 bps —> The “spread” today between the 30-year fixed mortgage rate and the 10-year Treasury yield