Jason Hartman argues that despite record-high prices and mortgage rates, the housing market isn't collapsing. Investors bought 26% of the nation's most affordable homes in Q4 2023, the highest share ever recorded, proving the market remains strong even as renters outnumber buyers.
Houses for rent are benefiting from the least affordable home sales market in many decades. As a result of sale prices reaching new record highs and mortgage rates hovering near a two decade high. That's exactly what you're seeing. Houses for rent are benefiting from this lack of affordability, high prices, high rates. Investors, you are in this wonderful multi dimensional asset class. So there you go. And you are buying. Investors bought 26% of the country's most affordable homes in the fourth quarter of last year, the highest share on record. Even during the go go times when prices were going through the roof during the pandemic era, you have now purchased more than at that time. Crash bros be damned. You just wrong all the time. You're just constantly wrong.
