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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
"We Buy Houses": You Lose Out
02 Mar 2023
DOI:
https://doi.org/10.17918/00010516
Abstract
Last year, the Nowak Metro Finance Lab, Reinvestment Fund, and Accelerator for America published a report: Investor Home Purchases and the Rising Threat to Owners and Renters. The Lab’s report highlighted the disconcerting trends of investors large and small buying up residential properties, changing neighborhoods, and harming homeowners, homebuyers, and tenants. In Philadelphia, Jacksonville, and Richmond — which was the scope of the study’s data collection efforts — the results indicated that investors were most active in distressed neighborhoods: areas with low mortgage lending, low-incomes, and disproportionately large non-white populations.
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Details
- Title
- "We Buy Houses": You Lose Out
- Creators
- Benjamin J Preis - Drexel University, Lindy Institute for Urban InnovationBruce J Katz - Drexel University, Lindy Institute for Urban InnovationKevin C Gillen - Drexel University, Lindy Institute for Urban InnovationAccelerator for America (Institution)
- Publisher
- Nowak Metro Finance Lab, Drexel University; Philadelphia, PA
- Number of pages
- 15
- Resource Type
- Report
- Language
- English
- Academic Unit
- Nowak Metro Finance Lab; Lindy Institute for Urban Innovation
- Other Identifier
- 991021902028504721