EP#67 Joshua Coven | Top 10 Myths About Institutional Investors In Housing

Institutional investors in single-family rentals are suddenly front-page news thanks to President Trump's proposed ban on institutions buying houses. But what does the data and academic research tell us about institutions' impact on home prices, home sales, homeownership, rents and on neighborhoods? And how do those impacts vary in the parts of the country with heavier concentrations of institutional investors? Rental housing economist Jay Parsons breaks down the 10 most common myths we're hearing about institutional investors in single-family housing, and responds to each one with data from academic papers, renter surveys and leading data sources. And to help further the conversation, Jay welcomes in an academic who just published an award-winning, peer-reviewed paper on the impact of institutional investors in housing — Dr. Joshua Coven, a professor at Baruch College in New York City. Professor Coven shares three major takeaways from his study published last year. Additionally, Jay shares his thoughts on the latest headlines touching on apartments and single-family rentals during the "In the News" segment, including high concessions for apartments in Phoenix and other Sun Belt cities.