Home investors push rents down as prices rise

03/18/2013 | Star-Ledger (Newark, N.J.), The

Investors' rush to snap up distressed homes has sent monthly rents downward while asking prices are rising, according to online listing service Trulia. "Investors are buying homes, in part, to rent them out, and that has added a lot of rental supply, and that's preventing rents from rising," said Jed Kolko, Trulia's chief economist. "It means some investors will start to think about selling those single-family rentals."

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Star-Ledger (Newark, N.J.), The

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