People are 'giving up' on homebuying: Kinloch Partners CEO Thu, Jun 27, 2024, 10:08 PM GMT+2 0 Video Transcript Advertisement Up next Is 'stale' housing inventory keeping buyers off the ma...
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As hopes of home ownership slip away for some, Kinloch Partners co-founder and CEO Bruce McNeilage joins Market Domination to discuss the alternative build-to-rent market. McNeilage explains that people are giving up, and may not enter the market until rates move down to 5.5%. He adds that to his company is receiving "more and more" lease applicants with each home vacancy, but that the industry "98% leased." "People are going to have to rent longer than they think," McNeilage tells Yahoo Finance. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy West pending home sales falling more than expected in May while new home sales hit a six month low housing affordability. As we were just discussing, that's weighing on potential buyers as home prices have been hitting highs. And that has many people still renting with hopes of home homeownership slipping away. We're looking
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