In the fourth quarter, investors acquired 18.5% of U.S. homes sold, slightly increasing from the 18.1% recorded a year earlier.

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The commonality among markets appealing to institutional investors includes fast-increasing populations and relatively affordable real estate prices compared to rental rates.

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This proposed legislation mandates that corporate entities owning over 75 single-family homes contribute an annual fee of $10,000 for each property.

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However, this trend is worsening the already strained housing affordability, as the lower price tier, which should be within reach for potential homeowners, is being snatched up by investors.

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Conversely, another analysis showed that neighborhoods with a high concentration of corporate-owned single-family homes experienced slightly higher rents than similar areas.

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Meanwhile, investors snagged 13.6% of mid-priced homes—slightly down from 14.3% the previous year—and 15.9% of high-priced homes, marking a small climb from 15.4%.

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Additionally, Assembly Bill 1333, proposed by Assemblymember Ward, targets the growing trend of “build-to-rent” developments by banning developers from selling homes en masse to large investors

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The California Research Bureau reports that less than 2% of single-family homes statewide are owned by investors possessing ten or more properties.

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Fresno County holds the distinction of having the greatest proportion of single-family homes under the ownership of large investors, at 5.9%.

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The proposed law, the End Hedge Fund Control of American Homes Act of 2023, can significantly disrupt a burgeoning real estate market segment and make more single-family homes available to individual buyers.

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Also, a Dutch study found that restricting investors from converting homes into rentals boosted the number of first-time homebuyers.

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Assembly member Alex Lee of Milpitas has proposed Assembly Bill 2584, which prevents institutional investors from acquiring and renting out more single-family homes.

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Although investors snatched up a larger number of affordable housing units, the total number of homes purchased by investors (low, mid, and high priced) dropped.

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The decline in investor home purchases can be attributed to factors like high interest rates, escalated home prices, and a sluggish rental market, diminishing the profitability of real estate investments.

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The surge in institutional investment in single-family homes is proving to be a double-edged sword, influencing rent dynamics and impacting the ability of first-time homebuyers to enter the market.

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Investors Grab a Quarter of Affordable Homes, Pushing Homeownership Out of Reach for Many: https://lttr.ai/AaXK9

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