Reported 2 days ago
The rise of 'accidental landlords' is significantly affecting the housing supply in America, as homeowners unable to sell their properties are turning them into rentals due to high mortgage rates and market conditions. This trend is particularly evident in major metros like Atlanta, Dallas, and Houston, where homeowners are competing with institutional investors, adding pressure on rental prices. The situation creates a unique market dynamic that may lead to lower rents for tenants while challenging profitability for larger landlords.
Source: YAHOO