Housing has long played a central role in economic mobility in the United States. Stable access to safe, well-located homes influences educational attainment, workforce participation, health outcomes, and long-term wealth accumulation. For decades, homeownership has been viewed as the primary vehicle through which families access these benefits. Yet structural changes in the housing market have made the transition from renting to owning increasingly difficult for a large segm

Over the past decade, the single-family rental (SFR) sector has undergone a significant transformation. What began as an opportunistic  response to the Global Financial Crisis has evolved into an mainstream  institutional asset class that has been included in the NCREIF Fund Index - Open-End Diversified Core Equity (NFI-ODCE) index, since  early 2024. Large-scale ownership and management of single-family homes is no longer novel; it is now a material and enduring component of

For much of the last decade, progress in housing looked loud. Transaction volumes surged, capital moved quickly, and entire new strategies appeared almost overnight. Single-family rental scaled at a pace few thought possible. Technology platforms multiplied - Prop-Tech was the new buzz word. New models promised to “reimagine” how Americans live, rent, and eventually own. Then, almost as abruptly, the noise faded. Since 2022, the housing market has felt quieter - slower transa