Housing Markets Need Landlords To Sell

Dated: 03/06/2018

Views: 107

Housing Markets Need Landlords to Sell

DAILY REAL ESTATE NEWS | TUESDAY, MARCH 06, 2018

Landlords own thousands of single-family homes across the U.S. With housing shortages abounding, some are calling on landlords to start selling. A slowdown in rent growth may convince more to finally unload their inventories.

“As new multifamily supply catches up with demand and slows rents, some large investors may begin putting their holdings of affordable single-family homes up for sale, which would be great news, particularly for first-time buyers,” says Lawrence Yun, chief economist of the National Association of REALTORS®.

Last week, NAR reported that contracts to buy previously owned homes dropped to their lowest level in more than three years in January. They cited low inventories of homes for sale to blame. 

A jump in apartment construction has slowed rent growth for many multifamily buildings across the country, but single-family landlords are still mostly reaping profits. Invitation Homes Inc., the nation’s largest single-family landlord, owns more than 80,000 properties. It is forecasting its revenue growth to be about 4 percent to 5 percent in 2018, which far outpaces rent-growth projections for apartments, according to Green Street Advisors LLC, a research firm.

“Single-family rental top-line growth should continue to fare much better than that of apartments due to steady demand and limited impact from competitive new supply,” Green Street Advisors note in a recent report.

Source: “In Supply-Starved Home Market, Can Wall Street Landlords Help?” Bloomberg (February 28, 2018)

Want to Advertise on this Site?

Latest Blog Posts

How To Buy A Home As A TwentySomething

Millennials, Oh millennials. They get such a bad rep but the truth is, they’re educated, technologically savvy, love to travel the world and have big dreams. New research shows that the

Read More

May 20 2018 54936 1

We all LOVE to talk about our favorite features in a home and the top trends. But can we take a moment to go over the things your home decor can live without? Check out this list from The Spruce

Read More

Guess What

Open House This Saturday from 12-4pm! Stop by 12756 Sierra Creek Drive Riverside CA 92503 and tour this beautiful home!View the

Read More

May 16 2018 21170 1

Down Payment Assistance Programs:8 Down Payment Assistance Programs To Finance Your First Home.There are 8 unique down payment assistance programs to finance your first home. Despite having decent

Read More