The U.S. housing markets remain on a tear. The WSJ reported Blackstone Group Inc. has agreed to buy a company that buys and rents single-family homes “in a $6 billion deal that’s a sign Wall Street believes the U.S. housing market is going to stay hot.”

From the WSJ: “The giant investment firm has reached a deal to acquire Home Partners of America Inc., according to people familiar with the matter. Home Partners owns more than 17,000 houses throughout the U.S., which it bought, rents out and offers its tenants the chance to eventually buy. U.S. home sales soared last year at their fastest pace in 14 years. Many analysts say that with home price gains showing little sign of easing, rents can continue growing throughout the U.S. as would-be home buyers are priced out of the sales market and are compelled to keep renting. Big institutional investors own about 300,000 U.S. homes, or only 2% of single-family rental homes, according to a report by New York-based financial firm Amherst Pierpont Securities LLC. About 85% of the single-family rental market is owned by investors with 10 properties, the firm said.”

Good data is driving new players in residential…better/trusted data in #CRE with price discovery will also explode that market with a whole new cast of characters. #Inveniam

Read the full post on LinkedIn 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.