Blackstone has STOPPED BUYING HOMES. They're buying 90% FEWER HOUSES.

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Big Wall Street homebuyers like Blackstone and Opendoor are buying 90% FEWER HOUSES in 2023. They've officially abandoned the Housing Market.

Likely because they expect home prices to keep declining. And because with mortgage rates north of 6%, they can't make any money on their rental properties (which often yield 5% or less).

Opendoor has put 86% fewer homes under contract this year. However, they're still jacking up the price on the few homes they do buy. Like this one in Nashville where they immediately increased the price by 20%.

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