It seems the trend of big investors buying single-family homes – and then renting them out, a relatively new market phenomenon that we highlighted a few days ago – is suppressing home-sale prices elsewhere in the country.
This is a very curious national trend, though it’s unclear if it’s impacting Massachusetts. It appears the big investors, such as Blackstone, are focusing on basket-case housing markets out west and in the south, rather than focusing on the stronger Northeast markets.
It’s worth keeping an eye on. If anyone hears of a major private-equity investor snapping up single-family home in these parts, drop us a line.
File under: Interesting