A recent article by Realtor.com says landlords with 1 to 50 properties control 95% of all investor inventory, confirming that rental housing remains largely an entrepreneurial activity rather than a corporate one. They say even in states with the highest rates of investor ownership, it’s not institutional buyers driving the trend. In addition, they say over 90% of investor-owned homes in the U.S. belong to small landlords with fewer than 11 properties. Small landlords in the states of Maine (31.1%), Montana (31%), Alaska (27.2%), and Hawaii (26%) hold the largest share of investor-owned homes in the country with the overwhelming majority of that housing stock in the hands of individuals and small partnerships, not large investors.
“Small investors have long been the dominant form of investor in the housing market. Large investor activity picked up during the [COVID-19] pandemic when rents and home prices were climbing rapidly, but even then, large investors were not the majority nationally.” Said Hanna Jones, Senior economic research analyst at Realtor.com
Click here to read the full story at Realtor.com.
