https://www.wnd.com/2023/02/wall-street-investors-snatching-single-family-homes-taking-rental-market/
Wall Street investors snatching up single-family homes and taking over rental market
'It's time to stop home prices from going through the roof'
WND News Services By WND News Services
Published February 27, 2023 at 10:59am
Institutional investors, such as banks and large real estate firms, are on track to own 40% of single-family rentals in the U.S. by 2030, MetLife Investment Management predicted last fall, according to CNBC.
National Association of Realtors Chief Economist Lawrence Yun told the Daily Caller News Foundation that the ongoing shortage of housing will make it easier for banks and other Wall Street investors to buy up and rent out single-family homes.
โWe need to build more homes,โ Yun told the DCNF. โOtherwise, institutional investors with deep pockets can corner the single-family rentals market.โ