Have We FINALLY Hit The Housing Inventory Bottom? | Hot Sheet 04/10/23
BAM Hot Sheet
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The Reality of Residential Real Estate
There's this conspiracy theory that large financial firms like BlackRock have been buying all of the houses in recent years. Even with an uptick in institutional buyers, during the low mortgage rate days, they still constitute less than 3% of the market. Residential real estate remains hyper-local. Most houses are owned by individuals that live in them while the rental market is owned by mostly small-time investors.
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