#AltReports

#AltReports

🚨 Big Tech Is Stealing Your Deals

The deals still closing are not on Zillow

Feb 20, 2026
βˆ™ Paid

When Amazon paid $700 million for land a home builder picked up for just over $50 million, that was not an anomaly.

A data center developer came in right behind that and paid nearly $1 million per house to knock down an entire subdivision.

That is the capital now sitting across the table from residential developers on land acquisition.

And while that is happening at the top end, investors are already accounting for 30% of all single family home purchases across the country.

New listings are down 1.7%. Pending sales are down 5.8%.

The typical home is sitting 67 days before it goes under contract.

So what you have is a market where the conventional entry points are getting absorbed from both ends at once.

The investors who are still closing are doing it through semi-private networks and off-market deal flow that runs completely parallel to what shows up on any portal.

Here is where that deal flow is concentrating and what the investors still acquiring are doing differently:

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In this edition of the AltReports:

πŸ—ΊοΈ Off-Market Goes Mainstream

πŸ’» Big Tech Takes Land

πŸ“Š Investors Hold Steady

🏠 Sales Hit New Low

⏳ Deals Stall Out

Video of the Week: 2026 Price Wars Have Begun

Chart of the Week: Investor Single-Family Homebuying Share Hits 5yr High

Podcast of the Week: How to Win Pre-Foreclosure Listings


Off-Market Deals and Investor Demand Are Reshaping Residential Real Estate

The U.S. real estate market is being restructured by off-market ecosystems, small investor activity, and semi-private deal networks operating outside the MLS.

Fix-and-flip operators, wholesalers, and small investors are increasingly acquiring homes in the $100,000 to $300,000 range through channels that bypass traditional portals entirely.

Big Tech Is Buying Up America’s Land and Home Builders Cannot Compete

Amazon paid $700 million for land a home builder acquired for just over $50 million, while a data center developer paid nearly $1 million per house to demolish an entire subdivision.

Tech giants are absorbing developable land across Northern Virginia, Texas, Georgia, and Illinois, pricing residential developers out of markets where housing shortages already exceed 75,000 units.

Investor Share of Home Purchases Holds at 30% in 2025

Real estate investors accounted for 30% of all U.S. single family home purchases in 2025, with small and medium investors driving the majority of that activity.

Investors averaging 80,000 to 100,000 purchases per month are using all-cash offers to secure acquisitions below list price while traditional buyers remain sidelined by affordability constraints.

Home Sales Hit 16-Month Low but Stable Rates Offer Hope

Existing home sales dropped to a 16-month low in January as affordability strain persisted across all four regions.

Asking prices remain soft and nearly one in five new homes carried a price cut, with builders competing directly on price to keep transactions moving.

Redfin Reports Pending U.S. Home Sales Fall 5.8%

Pending home sales fell 5.8% year over year during the four weeks ending February 15, the largest decline in a year.

The typical home is now taking 67 days to go under contract, the longest span since early 2019, as would-be buyers remain on the sidelines due to elevated ownership costs.

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