News Formal

Housing market shifts are pushing out the biggest US home buyers

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

South Africa News News

Housing market shifts are driving out some of the biggest home buyers in the country

Some of the biggest US home buyers are backing out of the housing market as it undergoes shifts in affordability and rent dynamics.found that institutional investors who own more than 1,000 homes purchased 90% fewer homes in January and February of this year compared to 2022.

Similarly, Invitation Homes — the largest owner of single-family rentals in the US — was a net seller in the first quarter. It bought 194 homes and sold 297, whereas a year ago those figures were at 822 and 147, respectively.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Euro-Area Housing Investment Weakened by Higher Rates, ECB SaysHousing investment in the euro area is expected to be weighed down by tighter monetary policy despite recent resilience, according to European Central Bank research.
Source: markets - 🏆 324. / 59 Read more »