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International Business Times
International Business Times
Carla St. Louis

New Single-Family Rental Homes Could Be Future As Ownership Grows Too Expensive

A home available for sale is shown on October 16, 2023 in Austin, Texas. (Credit: Brandon Bell/Getty Images)

Wall Street firms are investing billions in build-to-rent housing, catering to families priced out of homeownership due to high mortgage rates and record home prices.

Developers like AvalonBay Communities and institutional investors like Blackstone are expanding in this sector, seeing it as a solution to affordable homeownership and rising rental demand across the country.

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