Lee Duna to News@lemmy.worldEnglish · 9 months agoPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comexternal-linkmessage-square37fedilinkarrow-up1157arrow-down12
arrow-up1155arrow-down1external-linkPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comLee Duna to News@lemmy.worldEnglish · 9 months agomessage-square37fedilink
minus-squareShortBoweledClown@lemmy.onelinkfedilinkarrow-up7arrow-down1·9 months agoAs is true in most things, it’s complicated. PE buying houses in large numbers is not the sole cause of the housing crisis, but a contributing factor. https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html
minus-squaresadreality@kbin.sociallinkfedilinkarrow-up1·9 months agoBalanced take haha Private investors like like 20-30% of the market which is large but pretty standard historically. I am not sure what percent is PE of that number. My understanding “smaller” investors with cash is majority of it.
As is true in most things, it’s complicated. PE buying houses in large numbers is not the sole cause of the housing crisis, but a contributing factor.
https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html
Balanced take haha
Private investors like like 20-30% of the market which is large but pretty standard historically.
I am not sure what percent is PE of that number. My understanding “smaller” investors with cash is majority of it.