Let’s talk about institutional investors. I’ve heard from many of you that this is increasingly becoming a problem in your markets. Investors are sweeping up the little housing stock there is for first-time homebuyers. In fact, in the third quarter of 2021, investors bought up a record number of properties nationwide: a total of 90,215 units worth $63.6 billion, the vast majority of which (74.4 percent) were single-family homes. This trend was highly pronounced in counties with high Latino populations.