Landlords taking over America's housing market

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 to tax-assessment data compiled in a new report published by Attom Data Solutions and ClearCapital.com Inc.