How do Investors Impact Homeownership?

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Posted To: MND NewsWire

The Urban Institute (UI) says the recent surge of investor purchases of single-family homes is raising related policy issues. In blog post examining those purchases, UI analysts Ellen Seidman and Sheryl Pardo ask three questions. 1. Are investors taking homeownership opportunities away from individuals and families? 2. Are investors creating and maintaining quality affordable rental units? 3. Are investors increasing home prices? According to a recent New York Times story, investors purchased one-fifth of all single-family starter homes that sold in 2018. Starter homes were defined as the bottom third priced homes in the local market. This is more than in the early years of the Great Recession’s recovery and double the volume purchased 20 years ago. The UI analysts reference findings from the…(read more)

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