Rental Restrictions

/ Owner - August 28, 2019

Since the housing crisis of 2008, Wall Street real estate investment companies have purchased a huge inventory of homes, typically through foreclosure, that were left abandoned by homeowners unable to pay their mortgages.  According to a CoreLogic Special Report released in 2018, the share of home sales bought by investors reached its highest level in two decades as real estate investment companies purchased 1 in 5 homes in the bottom-third price range during the year. “These are the homes that first-time homebuyers would logically be buying,” said Ralph McLaughlin, deputy chief economist at CoreLogic.    Read the article……………………..

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