The boogeyman isn’t who you want it to be.
By Jerusalem Demsas
The fundamentals of low supply of houses, low mortgage rates, and the entry of millions of millennials into the housing market armed with higher personal savings help explain most of why the housing market has careened out of control over the past year. According to the National Rental Home Council, a single-family home rental lobbying group, “single-family rental home companies accounted for less than 0.14 percent of homes purchased” and just 0.09 percent of net homes if you count the fact that many single-family rental investors sold homes as well.