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Invitation Homes CEO says investor ban could lower home prices long term
The company expects any pricing impact from the institutional homebuying ban to take time, rather than happening immediately.
Invitation Homes CEO Scott Anderson said a new law that bans large scale institutional investors from buying homes is likely to push down single family home prices in the long run, though any effect would not be immediate.
CNBC Markets reports Anderson, who leads the largest single family rental landlord in the US, argued that reduced institutional buying would gradually change market dynamics and weigh on prices over time.
The comments come as the company reassesses how shifting demand from banned investor activity could play out across the single family rental segment and the broader homebuying market.