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Here’s why Wall Street is snapping up poorer single-family homes

Here’s why Wall Street is snapping up poorer single-family homes

Wall Street companies that started snapping up single-family homes in the wake of the foreclosure crisis tended to stay away from cheaper properties rented by poorer tenants. But a new wave of investors are buying the homes cast aside by the big, established landlords, Bloomberg News reported. “Larger companies are getting rid of underperforming assets,” explained Jade Rahmani, an analyst at Keefe, Bruyette & Woods Inc. “That’s leaving an opening for companies to move more […]


Source: realdeal

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