INSTITUTIONAL LANDLORDS SEE NEW COMPETITION FROM AN UNEXPECTED SOURCE
https://image.cnbcfm.com/api/v1/image/107086116-16572790122022-07-07t215240z_94110166_rc257v9dhbcf_rtrmadp_0_usa-economy-housing.jpeg?v=1657279053&w=1920&h=1080
✍️ Rising supply, high mortgage rates, and waning consumer confidence are making it harder to sell homes, leading some frustrated sellers to list their properties for rent instead. This increased supply is competing with institutional investors in the rental market, especially in hot markets.
👉 Rising supply of homes for sale 👉 High mortgage rates and waning consumer confidence 👉 Frustrated sellers listing properties for rent 👉 Increased supply competing with institutional investors in the rental market 👉 Largest investors in the single-family rental market highly concentrated geographically
-- #JesusLealTrujillo #GarrettJohnson #HaendelSt.Juste #RickSharga #DianaOlick #Washingon,U.S. #Dallas #Houston #Atlanta #Phoenix #Dallas #Tampa,Florida #Charlotte,NorthCarolina #realestate
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