As housing prices tumble across the country, institutional investors that had snapped up properties during a pandemic-induced increase in rental rates are now unloading their properties. Nationally, profit margins on median-priced single-family homes and condo sales across the U.S. decreased from 57.6% in the second quarter to 54.6% in the third quarter as home prices declined for the first time in nearly three years, according to ATTOM’s recently released 2022 U.S. Home Sales Report . Meanwhile, Redfin reported earlier this year that the average monthly rent in the United States surpassed $2,000 for the first time in May, rising 15% year over year to a record high of $2,002. ATTOM found that institutional investors nationwide accounted for 6.7% — 1 in every 15 single-family home purchases in the third quarter. That’s up from 6.4% in Temp Mail Temp Number Temp Mail Temp Number Temp Mail Temp Number Temp Mail Temp Number Temp Mail Temp Number ...