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Non-Tech : Investing in Real Estate - Creative Opportunities

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To: Riskmgmt who wrote (2577)2/24/2017 8:24:30 AM
From: Riskmgmt  Read Replies (1) of 2722
 
bloomberg.com
Landlords Are Taking Over the U.S. Housing Market

As Wall Street backs off of buying rental homes, small investors are picking up the slack.
by
Patrick Clark

February 23, 2017, 5:00 AM EST

As rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the U.S. is increasingly a country of renters—and landlords.

Last year, 37 percent of homes sold were acquired by buyers who didn’t live in them, according to tax-assessment data compiled in a new report published by Attom Data Solutions and ClearCapital.com Inc.

That number may include second homes, or properties acquired by investors who seek to fix up old homes and resell them at a profit. But it’s also a strong indication that landlords are playing a larger role in the U.S. housing market.

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