Corporations are Buying Thousands of Homes
Filed under: Real Estate Market
We are in a new era where massive corporations are actually buying up single-family residential homes. What are your thoughts on that?
Companies like BlackRock are out in the open market and buying thousands of homes. They have a massive portfolio of single-family homes. This investment strategy uses a REIT: Real Estate Investment Trust.
It is estimated that there are over $1 trillion worth of homes in our nationwide real estate market that are owned by corporations.
Legitimate Concerns About Corporations Owning Single-Family Homes
There are legitimate concerns stemming from this situation. For example, many people are concerned about how it will affect affordability, as you are competing with huge corporations. Also, these big companies have control over certain segments of the population. For example, they can control rent, etc.
Many of my clients are talking to me about their concerns, and I am continuing to stay dialed into the real estate trends to stay ahead of the things that are happening. I would love to hear from you about this situation!
Please let me know your thoughts. Also, feel free to reach out anytime if you are getting ready to buy a home and you need help finding the right property for your family. I’m always here to help! Call, text, or email me to discuss your real estate needs: (951) 473-0390 or [email protected]