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Published, Version of Record (VoR)Open Access (License Unspecified), Open Access
Published, Version of Record (VoR)Open Access (License Unspecified), Open
Report
Investor Home Purchases and the Rising Threat to Owners and Renters: Tales from 3 Cities
23 Sep 2022
DOI:
https://doi.org/10.17918/00010515
Abstract
Housing markets in the United States today are rapidly changing. We are bombarded in the news about corporations purchasing homes across sunbelt metros like Atlanta, Charlotte, and Phoenix. Reporting and research highlight the challenges faced by renters in private equity backed properties, from maintenance requests gone unfulfilled to evictions as a core part of a fee-based business model. During the first two years of the Covid-19 pandemic, homebuyers fought over a limited supply of for-sale housing, often finding out that they were beat by all-cash corporate offers. Now we wonder: will these homes ever come back on the market, and what happens to the tenants who live in these new rental properties?
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Details
- Title
- Investor Home Purchases and the Rising Threat to Owners and Renters: Tales from 3 Cities
- Creators
- Bruce J Katz - Drexel University, Lindy Institute for Urban InnovationEmily Dowdall - Reinvestment Fund (United States, Philadelphia)Ira Goldstein - Reinvestment Fund (United States, Philadelphia)Benjamin J Preis - Drexel University, Lindy Institute for Urban InnovationReinvestment Fund (Institution)Accelerator for America (Institution)
- Publisher
- Nowak Metro Finance Lab, Drexel University; Philadelphia, PA
- Number of pages
- 24
- Resource Type
- Report
- Language
- English
- Academic Unit
- Nowak Metro Finance Lab; Lindy Institute for Urban Innovation
- Other Identifier
- 991021902315604721