Commercial property headwinds aside, today we're looking at the residential housing market, which is undergoing its own shifts, but not exactly in the same direction.
Tell someone that the housing market is so unfavorable right now that the biggest home buyers in the country are actually net sellers now.
American Homes 4 Rent, for example, bought 312 single-family homes and sold 666 to start the year.
Similarly, Invitation Homes, the largest owner of single-family rentals in the US, bought 194 homes and sold 297 in the first quarter of 2o23.
Naturally, the housing market has slowed down for everyday Americans, too, given the steep mortgage rates and lack of affordability.