It was initially considered a short-term trend during the recession, but US investors are continuing to buy properties to rent to single families. Construction firms are selling bulk rental properties to institutional buyers at discounted prices despite rising prices of individual homes, resulting in the development of large rental communities. This trend wholly depends on demand, which is stronger than ever; in fact, many tenants are able to afford to buy but are instead opting to rent. The housing market has been hit by both supply and demand issues.
It was initially considered a short-term trend during the recession, but US investors are continuing to buy properties to rent to single families. Construction firms are selling bulk rental properties to institutional buyers at discounted prices despite rising prices of individual homes, resulting in the development of large rental communities. This trend wholly depends on demand, which is stronger than ever; in fact, many tenants are able to afford to buy but are instead opting to rent. As a result, the rate of homeownership in the US is currently the lowest in fifty years.