Why It’s So Hard to Buy a Home

And partially because the office and retail RE markets are awful big companies with billions of dollars are looking to buy thousands of single-family homes as rentals. These include Insurance companies and pension funds who are forming joint ventures with large real estate management companies and REITs to buy billions of dollars of residential real estate across the country. Why? According to Jones Lang Lasalle, single-family REITs last year outperformed other property sector REITs by 23%.

Next, Build to Rent is booming across the country in which builders and these big companies build new homes specifically for rentals only. Finally, according to Redfin in the 2nd quarter real estate investors, both small and big, purchased 67,943 homes for rent, an increase of 15% from the first quarter.

These facts are just another reason why it’s so tough for individuals to buy their own home.