Single Family Rentals: How Does it Affect Homebuyers?
Posted by Florida Realty Marketplace on
Single family rentals: how does it affect homebuyers?
By now you’ve probably heard of the huge business deal that closed in the single-family rental (SFR) market last week. If not—Invitation Homes and Starwood Waypoint Homes, two of the largest SFR landlords merged. It was a $4.3 billion dollar deal with a combined 82,000 homes in 17 metro areas. Pocket change, right?
The merger brought up important questions among homebuyers and renters, especially considering the Wall Street Journal described the deal as one that will no longer make homeownership essential to the American dream as more consumers choose to rent. According to the Urban Institute, the trend of consumers switching to renting will continue as more people delay marriage and children…
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