Entering into 2023, institutional homebuyer Yieldstreet told Fortune that it reduced its home acquisition levels by more than 90% in the second half of 2022.
"We're pretty much on pause across all [homebuying] strategies," Tejas Joshi, director of single-family residential at Yieldstreet, told Fortune in January. The combination of spiked interest rates and sky-high house prices significantly reduced the potential return for single-family rental investors like Yieldstreet. Joshi mentioned that for Yieldstreet to resume purchasing, either interest rates would have to decrease or house prices would need to decline—or both.
