Mom and Pop Make Way for Institutional Investors in the Landlord Business
"Institutional investors own a growing share of rental properties in the United States," reports Michael Kolomatsky.
That conclusion is drawn from data analyzed in a recent report by the Harvard Joint Center fort Housing Studies.
"Individual investors still own more individual rental properties, as they did in 2001," adds Kolomatsky. "But as of 2015, institutional investors — all other landlords, including partnerships, companies, trustees for estates and nonprofit organizations — made gains across rental properties of all sizes."
Another wrinkle examined in the report is the question about whether institutions are better landlords than mom and pop businesses. According to Kolomatsky, "while the Harvard group cited evidence that institutional landlords may be more likely to initiate evictions, it conceded that the jury is still out on what kind of landlords institutional investors make."
FULL STORY: Mom and Pop Own Fewer Rental Units
Rents Falling in New York City; New Supply Gets Credit
New York City is seeing an adjustment in the rental market as landlords struggle to compete for renters in a suddenly crowded market.
More Research Needed to Understand the Rental Market
Large institutional investors are changing the realities of the U.S. rental housing market, but a lack of information makes it hard for cities to respond.
Miami Housing More Expensive Than New York City, Report Says
New data shows stratospheric housing costs in cities not named New York.
Depopulation Patterns Get Weird
A recent ranking of “declining” cities heavily features some of the most expensive cities in the country — including New York City and a half-dozen in the San Francisco Bay Area.
California Exodus: Population Drops Below 39 Million
Never mind the 40 million that demographers predicted the Golden State would reach by 2018. The state's population dipped below 39 million to 38.965 million last July, according to Census data released in March, the lowest since 2015.
Chicago to Turn High-Rise Offices into Housing
Four commercial buildings in the Chicago Loop have been approved for redevelopment into housing in a bid to revitalize the city’s downtown post-pandemic.
New Park Opens in the Santa Clarita Valley
The City of Santa Clarita just celebrated the grand opening of its 38th park, the 10.5-acre Skyline Ranch Park.
U.S. Supreme Court: California's Impact Fees May Violate Takings Clause
A California property owner took El Dorado County to state court after paying a traffic impact fee he felt was exorbitant. He lost in trial court, appellate court, and the California Supreme Court denied review. Then the U.S. Supreme Court acted.
How Urban Form Impacts Housing Affordability
The way we design cities affects housing costs differently than you might think.
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