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Real Estate


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September 10, 2021

In hot market, companies compete with would-be homeowners

By ALEX VEIGA
AP Business Writer

LOS ANGELES — Soaring home prices and rents are fueling real estate companies' appetite for houses, adding unwelcome competition for many would-be homebuyers.

Residential real estate bought by companies or institutions hit an all-time high of 67,943 properties in the second quarter, according to Redfin, a Seattle-based online brokerage.


 
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