Investor home purchases further limit access to homeownership
• Institutional investors bought up 30-45% of available single family homes in 2022-2023 to create a permanent class of renters • Goal is to provide investors with recurring rental revenue, not to sell houses for less • Prevents young people from building home equity, once a key way to invest in the future • Lack of inventory plus purchases by investors severely limit home buying opportunities • Home ownership, once the American dream, is now increasingly out of reach for many