I recently tweeted out this chart from CoreLogic, showing how a rising percentage of single family homes are being purchased by investors – nearly 1 in 4:
The chart really hit a nerve and my tweet went viral, performing 100x more than usual.
I think it sparked so much attention because it caused folks to ask: Is the individual homeowner becoming squeezed out of the housing market?
Housing prices have risen to all-time highs this year while affordability has declined dramatically.
Are we on our way to becoming a nation of renters, leasing from the wealthy investor class who will eventually own ALL of our houses?
To address this, we sat down with Ivy Zelman, CEO of Zelman & Associates, the leading housing research firm in the US.
In this excellent new interview, Ivy explains the biggest trends currently driving today’s housing market, where she thinks prices are headed, and whether or not we’ll one day be renting from hedge fund overlords.
Get Ivy’s latest housing market bulletin for free at https://wealthion.com/ivy