You are here

Landlords taking over America's housing market

One in three homes sold last year acquired by buyers who don't live in them
Saturday, February 25, 2017 - 05:50

BT_20170225_RENTAL_2761727.jpg
Smaller investors - particularly those who have already paid off their mortgages on the homes they live in - see rental properties as an attractive way to save for retirement.

New York

AS rising home prices, slow new home construction, and demographic shifts push homeownership rates to 50-year lows, the US is increasingly a country of renters - and landlords.

Last year, 37 per cent of homes sold were acquired by buyers who didn't live in them, according

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom