Why Big Investors Aren’t a Challenge for Today’s Chicago Homebuyer
R emember the chatter in the headlines about all the homes big institutional investors were buying in the Chicago housing market? If you were thinking about buying a home in Chicago y ourself, you may have wondered how you’d ever be able to compete with that. Here’s the thing. That’s not the challenge so many people think it is – especially right now. Let’s break down what’s going on and why the recent shift in the Chicago housing market could tip the scales in your favor. Large Investors Are Pulling Back The truth is institutional investors never represented as big a share of the housing market as people think. And now, they’re backing off even more. Today, big real estate investors aren’t buying as many homes. In fact, they’re actually selling more than they’re buying. According to data from Parcl Labs , 6 out of 8 of the largest institutional single-family rental investment companies in America sold more homes than they bought in the second...
Comments
Post a Comment