Wall Street Investors Are Getting Out of the Housing Market
Investors have contributed to the rise in home prices and the lack of inventory by purchasing homes and turning them into rental properties. U.S. single-family properties reached a record high in July despite the Fed’s long series of aggressive interest rate increases since March 2022. Homes have been the only corner of the real estate market that has increased in value in the last year. Commercial real estate has fallen 16% since March 2022. Offices […]
