"It hasn't changed much. There are north of 16 million single-family homes, condos or co-ops that are owned by investors, the smaller investors. The institutions own well less than a million. So, 5% to 6% of investor-owned homes in the U.S. are owned by large institutions. It's nonsense that if they stop buying it will have any material effect on the housing market."
"What's important to note is it absolutely varies by market, she said. It always has. And so, when you look nationally, less than 3% of the investment properties are owned by large corporations. With the average investment, 90% or so, are owned by my parents and your parents. It's small, mom-and-pop, individual owners who may hold it in an LLC. Still, Mabery acknowledged that some metro areas are far more concentrated with institutional ownership particularly in the Southeast."
More than 16 million single-family homes, condos, or co-ops are held by investor owners, with large institutional owners holding well under one million units. Estimates place large-institution ownership between roughly 3% and 6% of investor-owned single-family properties nationally. Approximately 90% of investment properties are owned by small, individual or family investors, often in LLCs. Institutional ownership concentration varies widely by market, with some Southeast metros notably higher; Atlanta approaches 25% institutional ownership of investment properties, while Houston, Orlando, and Charlotte also show elevated institutional presence. A proposal would ban large institutions from buying additional single-family homes and seek congressional codification of that policy.
Read at www.housingwire.com
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