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Watchdog report highlights trend of investor-owned rental homes in U.S. housing market

Posted on AllSides May 29th, 2024
From The Center

WASHINGTON, D.C. — It’s a trend affecting many homeowners and renters: large companies are buying homes to rent out to tenants. Now a new watchdog report from the U.S. Government Accountability Office (GAO) is shedding light on where it’s happening and the impact on the housing market. Nationwide, institutional investor-owned homes account for about two to three percent of rental homes, according to GAO. But in some cities, it’s as high as 25%. The findings show there is an especially high concentration of investor-owned rental homes in the southeast. As...

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https://kiro7.com/news/local/watchdog-report-highlights-trend-investor-owned-rental-homes-us-housing-market/NSPV55XKW5HITHBGBATYMQXIGA

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