Journal Article

District Digest: The Roles of Single-Family Housing Investors, Big and Small, in the Fifth District

Abstract: Single-family housing investors have received more public scrutiny over the past several years as their share of overall home purchases has grown while housing was becoming less affordable due to a national supply crunch. Institutional investors have especially been capturing headlines recently, as homes have become more expensive since 2020 due to increased demand and dwindling supply. But this type of investor has only been active in single-family markets in large numbers over the past 15 years; most single-family investment home purchases are still made by smaller investors. And while institutional investors focus their attention on major cities, smaller investors are active everywhere. What roles do large and small investors play in local housing markets across Fifth District communities?

Keywords: Housing; housing finance; 5th district;

Bibliographic Information

Provider: Federal Reserve Bank of Richmond

Part of Series: Econ Focus

Publication Date: 2024-10

Volume: 24

Issue: 4Q