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Detached rentals are driving the growth.
An increase in housing supply and seasonal trends are likely behind this new trend.
One respondent said it's not the fear of COVID keeping people out of the office, it's that people are comfortable at home.
Affordability looms large in these areas.
The REIT has invested $560 million for a 47% stake in a national portfolio of over 4,000 single family rental homes
July housing trends show a market still working its way back toward some version of normal.
The share of affordable homes dropped to 56.6% in the second quarter.
For starters, more jobs will be filled by parents as their children return to school.
The investment also supports ESG goals, such as the installation of electric vehicle charging stations.
Some say the market will start to calm later this year but other signs point to a continued frenzy.