Wall Street is Running Away From the Housing Market. But Why?

Fortune, May 5, 2023–Lance Lambert
It makes sense that the Pandemic Housing Boom saw a flood of institutional homebuying. Low interest rates, easy access to capital, soaring rents and skyrocketing home values were just too good a deal for Wall Street types like Blackstone and iBuyer players like Opendoor Technologies to pass on. Of course, that’s all over now: Institutional homebuyers are pulling back–fast.
https://fortune.com/2023/05/05/institutional-homebuyers-pullback-from-the-housing-market-invitation-homes/