Atlanta
Axios Atlanta is an Axios company.
Out of state, small investors — or "laptop landlords" — accounted for 5.26% of home sales in Atlanta during the first half of 2022, according to a new Wall Street Journal analysis.
Why it matters: Most of the frustration over the rental crisis in Southern cities like Atlanta has been directed at big corporations buying up hundreds of homes and renting them out for profit.
Details: The Journal story describes these landlords as mostly "well-paid professionals who view owning a rental as a core investment, alongside stock or bond funds." They take advantage of technology that enables them to buy a home quickly online, without even visiting the city where the home is located.
The big picture: Investors bought up 28% of all single-family homes nationwide in February of this year, according to the data firm CoreLogic, the Journal reports.
Get more local stories in your inbox with Axios Atlanta.
Support local journalism by becoming a member.
Learn more
No stories could be found
Get a free daily digest of the most important news in your backyard with Axios Atlanta.
Support local journalism by becoming a member.
Learn more
Copyright Axios Media, 2022
About Author
