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Fortune

Lance Lambert

Institutional homebuyer Yieldstreet hasn’t bought any homes this year. Here’s why they refuse to jump into the housing market right now

Yieldstreet United States Housing Market Fortune Home Prices

New Home Construction

Heading into 2023, Yieldstreet told Fortune that the firm had reduced its homebuying levels by more than 90% as the institutional homebuyer awaited steeper declines in home prices.

"From December onward, the expectation from my side is we'll have another 10% to 15% decline [in home prices] nationally," Tejas Joshi, director of single-family residential at Yieldstreet, which owns over 700 single-family homes, told Fortune back in December. "We're pretty much on pause across all [homebuying] strategies."

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