FAYETTEVILLE, Ark. — Home ownership is an elusive goal for many in northwest Arkansas as the population and prosperity of the region continues to grow.
Individuals looking for a single-family residence have to contend with soaring prices, a lack of inventory and, increasingly, the deeper pockets of equity companies who look at houses as wise investments. Nationally, nearly a quarter of all home purchases in June were made by investment companies, according to the real estate research firm CoreLogic of Irvine, California.
That number actually represents a slight drawback from the start of the year when nearly 30% of homes were bought by investment companies. In northwest Arkansas, the numbers are harder to discern, but it is a growing concern among many leaders in the area that a growing number of residents don’t own the home they live in.
To read more about this story our content partner Arkansas Business has the full story here.
