The ongoing housing market downturn has seen everyone from mom-and-pop landlords to Blackstone-owned Home Partners of America pull back on their plans to acquire more homes.
It makes sense. On the way up, the Pandemic Housing Boom—which saw rents and home prices soar—was amazing for everyone from Airbnb hosts to home flippers to institutional buyers on Wall Street. However, last year's historic mortgage rate shock has seen the national market flip from inflation mode to deflation mode. The fear of further price declines underpins many investors' decision to remain on the sidelines.
