Local News
Corporate investment in residential housing may be another hurdle for first-time buyers
As corporate ownership of residential property across the country rises nationwide, researchers from the Lincoln Institute of Land Policy and the Center for Geospatial Solutions, which is housed at the institute, warn this rising trend has complicated the housing market for first-time buyers. According to a joint “Who Owns America” report, nearly 9% of residential parcels in 500 U.S. counties are owned by a corporation. The concentrations exceed 20% in some cities, including St. Louis, Missouri; Harrisonburg, Virginia; and Franklin, Ohio. Researchers told Stateline they define ...
