The single-family rental business isn’t letting a tight inventory get in the way. Some investors are buying up “new” properties to help meet the demand. They are paying a bit more money for new homes, but they say new homes come with their own financial benefits.
Bloomberg reports that as foreclosures become harder and harder to find, and demand remains strong for single-family rentals, investors are turning to new construction. The market for single-family rentals was born out of the financial crisis. Families who lost homes still wanted to live in similar detached homes, so investors began buying up foreclosed homes and renting them out.
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