Just over a year ago, institutional purchases of single-family houses to turn into SFR properties was well into double-digit percentages of all homes bought, coming close to 20% of ongoing sales. And, as the firm separately noted, 43% of real estate agents think private pocket listings have become more common. Such purchases are a tool used by institutional investors interested in blocks of houses.

The trends had also resulted in lawmakers targeting institutional owners of SFRs for “predatory” investment.

Erik Sherman

 

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