ResiClub: Regional Housing Market Has Institutional Sell-Off
November 10, 2023
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Parcl Labs' analysis for ResiClub revealed that, contrary to widespread speculation, there isn't a nationwide flood of homes for sale by institutional landlords, focusing instead on local nuances like Jackson, Mississippi. In Jackson, institutional owners, holding only 1% of the housing stock, accounted for 10% of the listings, underscoring a strategic liquidation approach in certain areas. The report highlighted the 39206 ZIP code, where a single national operator's decision to sell a significant portion of their properties tripled the listing rate to 3%, illustrating the localized effects of institutional selling.