A recent study reveals a significant trend in residential property ownership, indicating that nearly 9% of homes in various communities are now owned by corporate entities and investors. This increase in corporate ownership can be observed in specific areas such as St. Louis, Missouri; Harrisonburg, Virginia; and Franklin County, Ohio, where corporate holdings exceed 20%. This phenomenon raises concerns about the impact of corporate ownership on local housing markets, affordability, and community dynamics.
Key findings from the study include:
– **Corporate Ownership Prevalence**: Nearly 9% of residences are owned by corporations or investors.
– **High Concentration Areas**: Certain communities show ownership rates above 20%.
– **Market Implications**: Increased corporate ownership may affect housing affordability and local dynamics.
– **Community Impact**: Concerns arise regarding the influence of corporate landlords on community stability and resident experiences.
This trend reflects broader changes in the housing landscape and necessitates further examination of its long-term effects on homeowners and renters alike.
You can read this full article at: https://wrenews.com/new-study-finds-nearly-9-of-residences-owned-by-corporate-entities-and-investors/
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