06/10/2021
Just one of the many reasons as to why many buyers are having difficulty putting together a winning offer for a home in the Charlotte region. These companies can offer cash, short closings, and list price or more for a home and there are several of these companies placing offers on every home in the starter home price range or above.
"To see how deep Wall Street landlords have gotten into the Charlotte housing market, the UNC Charlotte Urban Institute analyzed Mecklenburg County’s property ownership database as of May 2021. We found that while they only own a small percentage of total houses, the new single-family rental conglomerates have built portfolios of houses heavily concentrated in the starter home segment of the market — where the supply crunch is tightest right now. "
HousingWednesday, June 9, 2021Ely PortilloJustin LaneFor decades, the single-family home rental market was a small-scale industry, made up almost entirely of local landlords who rented out a few houses they bought as investment properties, or perhaps inherited, or held on to after relocating. But ...