Wall Street Firms Are Buying Up Single-Family Homes

American investment banks are purchasing single-family homes in an effort to profit upon skyrocketing rent and property values.

As The Daily Wire previously reported, CoreLogic’s Single-Family Rent Index from April showed a “national rent increase of 5.3% year over year, up from a 2.4% year-over-year increase in April 2020.” The group noticed that “as demand for more space and outdoor amenities remains, detached rentals, in particular, are experiencing accelerated growth with a 7.9% year-over-year increase in April, compared to growth of 2.2% annually for attached rentals.”