Investors have been taking advantage of lower home prices over the last few years by snapping up foreclosed properties at big discounts and turning them into rentals. Private-equity firms and other investors have raised an estimated $6 billion to $8 billion in purchasing single-family rentals, The Wall Street Journal reports. That could equate to about 40,000 to 80,000 properties, according to some estimates.
via Investors Clear Backlogs, Snap Up Single-Family Rentals.
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