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Wall Street landlords are net sellers of rental homes since Jan. 1
CNBC reports the largest landlords have sold 3,180 more rental homes than they bought year-to-date, after a buying ban took effect.
Wall Street landlords have been selling more rental homes than they are buying since the start of the year, according to CNBC.
In its look at the largest landlords’ activity, CNBC says they are net sellers year-to-date, with 3,180 more homes sold than bought since Jan. 1.
The shift comes as a rental home buying ban takes effect, reducing acquisitions and contributing to the net selling pace.
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