SUBSCRIBERS

Landlords taking over America's housing market

One in three homes sold last year acquired by buyers who don't live in them

Published Fri, Feb 24, 2017 · 09:50 PM
Share this article.

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.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Property

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here