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Investors purchased $31.3 billion worth of homes in the first quarter, up 6.6% year over year
But the market is bolstered by frustrated homebuyers seeking rental alternatives.
Kansas city knocked Minneapolis from its top position the past four months.
Here are the top markets benefiting from this demand.
Thirteen of America's 15 fastest growing cities are in the South, and eight are in Texas.
They prefer to avoid the financial responsibilities and stresses associated with homeownership
Anecdotal evidence suggests that lease negotiations are now occurring three to four years in advance of expirations
The Q1 dollar volume for multifamily sales increased by 23% compared to Q1 2023.
With inflation inching upward, consumers may soon might feel more pressure to pull back spending on non-essentials.
Average rent per bed hit $895 in April, a 5.5% increase year-over-year.