Buyers, You’re Competing with Wall Street

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The Seattle Times has a great in-depth look at how Wall Street is buying a ton of homes, Wall Street buyers snap up thousands of local homes for rentals.

Last April, amid the region’s tightest housing supply in a decade, a Wall Street-backed company stormed into the Seattle metro area and bought, on average, 10 homes a day.

If you are buying an entry level home this is certainly very frustrating. As a seller you’re probably happy that there is so much demand for homes.

As someone who has been looking for a single family home to rent for the last few months there doesn’t seem to be an increase in rental inventory from Wall Street companies, at least in the core Seattle neighborhoods. We had a really tough time finding a quality, not crazy expensive, rental.

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About Matt Goyer

I love condos, lofts, floating homes, new construction and mid-century moderns so much so that since starting this blog in 2006 I've written over 2,000 blog posts about them!

For years I resisted becoming a real estate agent preferring to be a marketing executive at Redfin but after leaving Redfin (after seven years!) I caved in the spring of 2014 and became a broker. So if you need help finding that "Urbnlivn-style" place or selling your home email me at matt@urbnlivn.com, I'd be happy to help you.

Prior to Urbnlivn and Redfin, I worked at Microsoft after graduating from the University of Waterloo with a Bachelor of Mathematics with a major in computer science.

You can also find me on Twitter, @MattGoyer, or LinkedIn.

  • No one

    Great. Exurbs will never go down in price :). These Wall Street guys are just too smart for us I guess.