A recent report from CoreLogic shows that, over the past 10 years, there’s been a shift in homes that normally would be for sale, into the rental market. They suggest this shift has resulted in an actual “under supply” of available housing for sale. They point out that as recent as March, inventory has been at an historical low. Indeed…
“During the Great Recession and 2006-2011 home-price drop, many homes were foreclosed upon or traded as short sales and ended up being purchased by investors, with a number of these houses eventually becoming rental properties.”
Click here to read the full report on CoreLogic.com.
