Yes, though be careful which number you're quoting. The National Association of Realtors publishes a monthly existing-home-sales breakdown that includes investor share and all-cash share, and those two get conflated constantly. Cash purchases and investor purchases overlap, but they aren't the same number, so pin down which one a stat is actually reporting before you lean on it. On investor share of homes purchased, the figure has run in the low-to-mid 20 percent range in recent years, which is elevated relative to longer-run historical norms. Treat that as a directional read. It moves month to month, and the definition of "investor" varies by source. If you want a current number to cite, pull the latest NAR existing-home-sales release rather than a figure from any single past year. One more distinction worth keeping straight: investor share of annual purchases is a flow, while the share of all housing stock owned by investors is a much larger installed base. Most published, easy-to-find figures measure the flow of recent transactions, so read the fine print before comparing one stat to another.