WSJ>"one in every five houses sold is bought by someone who never moves in"14579
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Source: John burns Real Estate Consulting via The Wall Street Journal (4 April 2021)
The Wall Street Journal (4 April 2021) If You Sell a House These Days, the Buyer Might Be a Pension Fund
“You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose eponymous real estate consulting firm estimates that in many of the nation’s top markets, roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said.
Source: The Wall Street Journal
I encourage you to read the entire WSJ article.
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