Investment Firms Making It Difficult for Americans to Buy Houses: Analyst

A few factors are making it more difficult for people looking to buy a home. For one, high inflation is causing mortgage rates to rise; and two, Wall Street is buying up starter homes, according to Bloomberg. This has had an impact on places like Phoenix, where private equity is being pumped into the real estate market, which is making renters out of first-time home buyers. NTD spoke with Jon Ziglar, CEO of RentPath, who says the cost of renting is rising a lot in high urban areas, but it’s dropping somewhat in areas like Atlanta and Philadelphia.