Wall Street Firms Are Buying Up Single-Family Homes

American investment banks are purchasing single-family homes in an effort to profit upon skyrocketing rent and property values.

As The Daily Wire previously reported, CoreLogic’s Single-Family Rent Index from April showed a “national rent increase of 5.3% year over year, up from a 2.4% year-over-year increase in April 2020.” The group noticed that “as demand for more space and outdoor amenities remains, detached rentals, in particular, are experiencing accelerated growth with a 7.9% year-over-year increase in April, compared to growth of 2.2% annually for attached rentals.”

A more recent report from the National Association of Realtors explained that average American home prices in June 2021 reached $363,300 — a 23.4% increase over the average of $294,400 in June 2020.

As CNN Business writer Hanna Ziady summarized, rapidly rising rent and property values are drawing Wall Street investment banks to the housing market:

According to John Burns Real Estate Consulting, in the first three months of this year, nearly a quarter of all homes sold in the United States were going to investors. That’s a broad umbrella that covers everything from mega institutions to individuals buying vacation homes, but BlackRock, JPMorgan Chase and Goldman Sachs were among the big-name buyers.

Institutional investors still own only about 2% of all single-family rentals in the United States, or roughly 300,000 homes, according to John Burns research director Rick Palacios.

The same trend is occurring in England, where American companies are likewise purchasing residential real estate – READ MORE

Related Articles

Hot Wire — Spy School; Protecting You & Yours — The Intel Juice is Worth the Squeeze

CLICK HERE to Get or Download the Outline PDF for this material and video.  What is Intelligence?  Intelligence is truthful, timely, actionable, reliable information that can be used for certain needs, for and about operational environments and threats.  Strategy  Before covering and applying this material a good mindset to have in place is that from…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

(PREMIUM) PAINE IN THE MORNING: 13 things you need to know this Monday – June 6, 2022

There is also an ad free audio version of this episode you can listen to HERE JPMorgan CEO warns economic ‘hurricane’ is approaching America: ‘You’d better brace yourself’ – JP Morgan Chase & Co. CEO Jamie Dimon warned Wednesday that an economic “hurricane” is forming that could unfortunately make landfall in the United States. Speaking at…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

(PREMIUM) PAINE IN THE MORNING: What you need to know this Tuesday – February 28, 2023

Here’s what you need to know today, Tuesday – February 28, 2023. Weaponizing Everything, Including Lawyers And Balloons: China’s 1999 Manual For Defeating America – During its North American aerial odyssey, The Big Chinese Balloon passed within intel-gathering distance of ICBM silo fields, strategic bomber bases, key global logistics hubs (Charleston for example), and major Army…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).