when The owners cannot find buyers For your propertyThey usually have Three options:
- Reduce the price
- Property removal
- Offer it for rent
By tracking properties that have become available for sale for rent, Parcl Labs, a real estate data analytics company, found this “Accidental locators” (owners who chose the latter option) are becoming increasingly popular, especially in the Sun Belt region of the southern and southwestern United States.
the The trend of “accidental homeowners” is accelerating.According to the researchers, especially in markets where large institutional investors (companies that own more than 1,000 single-family homes) own a significant portion of the available properties.
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Since the end of the epidemic, These large investors flocked to the states bordering the southern coast of the United Statesfrom coast to coast, in search of job opportunities and population growth. However, increasing inventory and decreasing numbers of buyers led to a A competitive generation of former salespeople who are now “shells”.
Most of them are individual landlords competing with these large institutional investors in the rental market.
The six Sun Belt markets – Houston, Dallas, Phoenix, Tampa, Florida, Atlanta, and Charlotte, North Carolina – They focus on 37% of the large institutional real estate market nationwideaccording to Parcl Laboratories. The number of casual homeowners has increased in five of the six cities.
he The greatest growth was recorded in HoustonThe 7% of rental properties that failed to sell in April represented a 41% increase over last year.
he 5% of properties are rented casually in Dallas This represents an increase of 32% compared to last year.
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The only one of the six Sun Belt markets that is dominated by institutions is that Charlotte had a declineWhose failed-to-sell rentals fell by 7%.
This trend is one of several signs of this The real estate market is becoming increasingly hostile to sellers. Property losses rose 57% in July from a year ago, according to a Realtor.com report calling summer 2025 “Least convenient for sellers since Realtor.com started recording data in 2016“.
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