They were, and now they arent.
Yes its true, there was a lot of buzz about this during the early Covid days when large investment firms were buying big chunks of homes, mostly in more affordable areas of the country like the Midwest for instance, in fact per this chart as much as 2.2% of the home sales. However this has dropped considerably down to 0.3% of national home sales as o the end of Q3, 2024.
We never did see this on any large scale here in the Portland area, mostly because we don't have large production builders building any large communities, with the South Hillsboro exception of course. Also, Oregon's (and particularly the City of Portland's) very landlord unfriendly rules have caused many small investors to sell their local rentals, and most of those sales have gone to homeowners who live in their homes, so as of right now we have a shortage of single family rental homes in the Portland area.
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