If you’re looking to buy, high expectations have settled in among sellers, according to a survey at Realtor.com. And while house price growth is slowing, according to Yahoo Finance, in July it was still 10.5% year over year. If you’re a renter, you’re now a product—a means to greater income for those who already have a lot of money. The influx of institutional investors means a lot more cash is chasing a finite number of deals, creating upward pricing pressure. When properties are more expensive, investors need to charge more to get the return they had planned on.

Source: Forbes July 28, 2021 15:56 UTC