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America's housing shortage is keeping home prices high
(www.axios.com)
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this post was submitted on 20 Jun 2023
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Corporations buying them up to rent out is my speculation, between that, people attempting to flip them, and just regular home buyers, it's making for a very low amount available which causes prices to be high, and new houses aren't being built fast enough to keep up.
I live in an older neighborhood and at least 50% of every house that has gone on the market since we bought in 2019 has been sold to flippers and listed for $200k more 3-6 months later. I can't believe how much they have driven up prices in the area.