Location : Wabbit Hole
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|Subject: Landlords Are Taking Over the U.S. Housing Market Thu Feb 23, 2017 3:52 pm|| |
|As Wall Street backs off of buying rental homes, small investors are picking up the slack.|
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 rentersóand landlords.
Last year, 37 percent of homes sold were acquired by buyers who didnít 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 itís also a strong indication that landlords are playing a larger role in the U.S. housing market.
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