The Impact of Non-Owner Occupied Homes: Why Homeownership Matters

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According to the Atlanta Federal Reserve, non-owner-occupied single-family residences are projected to increase to 46% by 2030. This shift in the housing market could significantly impact renters and community members in several ways:

Key Trends Expected with More Non-Owner-Occupied Homes:

  1. Frequent Rent Increases: Landlords may prioritize profits by increasing rents more often, placing a financial strain on tenants.

  2. Short-Term Ownership: Properties may be bought and sold quickly, leading to less stability for renters.

  3. Quicker Evictions: Short-term owners may prioritize profitability over tenant stability, resulting in faster evictions.

  4. Reduced Maintenance: Non-owner-occupied properties often see less maintenance, impacting the quality of living conditions.

  5. Profit Over Service: Expect fewer amenities, such as parking and storage, as landlords focus on maximizing profits.



The Financial Cost of Renting

As annual living expenses rise, renting becomes increasingly expensive, often impeding wealth accumulation. Renters face:

  • Unpredictable Housing Costs: Frequent rent hikes make budgeting challenging and increase financial stress.

  • No Equity Growth: Rent payments build wealth for property owners, not tenants.

  • Limited Stability: Evictions and short-term ownership cycles disrupt communities and personal finances.

Homeownership: A Path to Financial Stability

By contrast, owning a home offers several advantages:

  • Fixed Housing Costs: With a fixed-rate mortgage, your monthly payments remain predictable, shielding you from rising rental costs.

  • Equity Building: Each mortgage payment increases your ownership stake in the property, building long-term wealth.
  • Stability and Control: Homeownership provides the freedom to make decisions about your living space without the risk of eviction.

The top 5 corporation that own homes today are Premium homes with 97,000 units, Invitation homes with 85,000, American Homes 4 Rent 60,000, Tricon with 36,000 and Amherst with 44,000. Currently institutional buyers account for about 2% and the rest are small investors. These will be some of the key players to pay attention to as Homeownership amongst corporate investors increase.

For community members, now is the time to explore homeownership options. Stabilize your housing costs, build wealth, and take control of your financial future. Connect with a local real estate professional like myself to learn how you can make homeownership a reality.


Tavon Willis

DRE: 02095751

Accredited Buyer Representative©

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