Investors bought 1 in 4 single-family homes
Last quarter investors snatched up 25% of single-family homes sold in the US, potentially making it more difficult for families to own homes.
Wall Street firms have been buying up homes in order to rent them out, which critics say is “distorting the market,” driving up prices and making a notably tight housing supply worse. Regular would-be homeowners struggle to compete with investor resources like all-cash offers.
The Wall Street Journal reports that politicians across the US have proposed laws that would force some of these bigger investors to sell to family buyers.
The Wall Street Journal reports that politicians across the US have proposed laws that would force some of these bigger investors to sell to family buyers.
