The large and long-standing gap between the supply and demand of affordable homes for both renters and homeowners makes it harder for families to buy their first home and drives up the cost of rent. Higher housing costs also crowd out other investments families can and should make to improve their lives, such as investments in education. As supply constraints have intensified, large investors have stepped up their real estate purchases, including of single-family homes in urban and suburban areas. One out of every six homes purchased in the second quarter of 2021 was acquired by investors, and reports indicate that in some markets, that number is one in four. Within investor purchases, typically more than 35 percent of purchases are made by investors that own more than ten properties. Large investor purchases of single-family homes and conversion into rental properties speeds the transition of neighborhoods from homeownership to rental and drives up home prices for lower cost homes, making it harder for aspiring first-time and first-generation home buyers, among others, to buy a home. At the same, these purchases are unlikely to meaningfully boost supply in the lower-cost portions of the rental market, as investors charge more for rent to recoup higher purchase costs. That’s why today the Administration is announcing a number of steps that will create, preserve, and sell to homeowners and non-profits nearly 100,000 additional affordable homes for homeowners and renters over the next three years, with an emphasis on the lower and middle segments of the market.
– MAXIMIZE YOUR SELLING PRICE AND SELL YOUR HOME FASTER with Coldwell Banker Realvitalize Program
–Fix your Home Up With nothing upfront and no payment until closing. Easy and hassle free! https://homesinsdcounty.com/realvitalize-a-game-changer-for-home-sellers/
From the Beaches to the Rolling Hills of San Diego County Excellence That Moves You!
Your San Diego Realtor Homes In San Diego County –
Coldwell Banker Brad Mattonen REALTOR – CA DRE 02062665
Karen Mattonen REALTOR – CA DRE 02044711 TEL: (858) 518-2875
Coldwell Banker Realty, Rancho Bernardo – San Diego California bmattonenrealtor@gmail.com KmattonenRealtor@gmail.com https://homesinsdcounty.com/
Download our First Time Home Buyer Home Purchase Assistance Handbook and Guide https://homesinsdcounty.com/myhome-home-purchase-assistance-program-payment-handbook-and-guide/
Buy or Sell – Our pledge is the dedication to make your Real Estate dreams come true.
#sandiegorealestate #sandiegorealtor #realestateinsandiego #housingshortage #realestate #coldwellbanker #coldwellbankerrealty #realtorsofinstagram #realestate #realtor #realestateagent #homesweethome #home #property #forsale #investment #realtorlife #househunting #dreamhome #interiordesign #newhome #luxuryrealestate #house #architecture #luxuryhomes #realestateinvesting #realestatelife #realty #design #sold #realestateinvestor #homesforsale #justlisted #homeforsale #firsttimehomebuyer #listing #invest #realestatebroker #homebuyers #realtors #homes #lifestyle #realestateexpert #realestategoals #renovated #firstimehomebuyer #firstimehomebuyerassistance #downpaymentassistance #SANDIEGOHOMES #SANDIEGOREALTOR #SANDIEGOREALESTATE #realestate #realtor #dreamhomes #homebuyers #realestateagent #homesearch #housingmarket #Rent #skyrocketingrent #rentoutofhand #firstimehomebuyerassistance #firstimehomebuyer #Lowdownpayment
