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Jay Parsons, industry influencer, points out that much reporting has focused on who is buying houses while overlooking who is selling them.
He emphasizes that net flows are what really matter in the housing market, and notes that, based on available data, investors as a group have sold significantly more homes than they have purchased over the past 10 years.
Parsons previously noted that build-to-rent construction has slowed as investors hesitate, affecting the U.S. housing supply. He has also explained that the shelter component of CPI is now defined differently than in the 1970s to achieve greater stability and predictability. His recent remarks follow a series of posts examining structural and investor trends in the housing sector.