NAA Industry Insider: Companies Crowd Housing Market as Rental Gains Slow

Companies are flooding the market with single-family houses for rent, causing such rents to rise slower than house prices. "Investors are buying houses, in part, to rent them out, and that has added a lot of rental supply, and that's preventing rents from rising. It means some investors will start to think about selling those single-family rentals," says Trulia Chief Economist Jed Kolko. Oliver Chang of Sylvan Road Capital LLC says these large institutional investors are competing for the same properties, mainly three-bedroom houses built since 1990, and are "pushing prices up on each other."

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