Per CNBC

MetLife Investment Management said that come 2030, 40% of single-family rentals in the US could be owned by institutional investors. This was according to MetLife Investment MAnagement's 2022 forecast.

The estimation is that by 2030, at least 40% of single-family rentals, or about 7.6 million homes, could be owned by institutions. Jordan Ash, Private Equity Shakeholder Project director of labor jobs and housing, gave a statement regarding the situation.

Ash: “It’s almost a captive market... They’ve been very explicit about how people are shut out of the homebuying market and are going to be perpetual renters.”

According to the National Association of Realtors, Texas, Florida, and Georgia experienced fierce housing inflation. Blackstone chief operating officer Jon Gray said that in the short term, certain companies would be retreating from the real estate market due to the growing correction concerns.

In April, the sales of multi-tenant apartment buildings dropped by 74%, resulting in it reaching a new record since 2009. This happened as the demand for these buildings saw a steep decline.

Toward the end of February, it was reported that there were two real estate agents for every home for sale. This came as 28 million people wanted to purchase a home within the year.

See flow at unusualwhales.com/flow.

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