A record number of homes are being built to rent. Does this hurt house hunters?

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As aspiring homeowners contend with high mortgage rates, rising home prices, and a low number of homes for sale, the construction of single-family homes built deliberately to be rented is forging full steam ahead as investors bet on rentals.

The number of newly built single-family homes being sold to investors to rent, or also known as built-for-rent homes, hit a new record in 2022, according to a new report from apartment search website RentCafe. The data was provided by real-estate market data company Yardi Matrix.

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