Posted To: MND NewsWire
Are the big companies who have purchased large number of single-family homes over the last few years looking for a quick profit or are they in the buy-to-rent business for the long haul? Freddie Mac, in its latest issue of Insight & Outlook says there are going indications it might be the latter. Landlording single family detached houses is generally assumed to be a sideline. A 1996 survey found that three quarters of such dwelling units were held by individuals or partnerships which owned fewer than 10 units and others have estimated that about half are the only rentals held by their owners. Single family units have not traditionally made up much of the market anyway, accounting for about 10 million rental units during the housing boom. With the recession however the numbers climbed rapidly...(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
from Mortgage News Daily http://ift.tt/1P2nifz
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