Geoff Koski
@geoffkoski
ID: 44665794
04-06-2009 17:19:38
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There are still a lot of institutional homebuyers on the sideline. At the height of the Pandemic Housing Boom, they were 1 in every 42 home purchases. Now, institutional buyers (those owning at least 1,000 homes) make up just 1 in 250 purchases. via John Burns Research and Consulting
Lots of folks assume people rent because they can't afford to buy. It's just not that simple. Look at this chart from today's The Wall Street Journal , backing up reports from Harvard JCHS saying same-- More than ever, wealthier households are choosing to rent for lifestyle reasons. In fact,