In poorer pockets of Ohio’s six biggest counties, real estate investors – not occupants – have made nearly half the home purchases between 2018 and 2024, according to a new study from the Federal Reserve of Cleveland.
There, as many as one in three of the single family homes there are owned by LLCs or trusts and rented out.
This leaves would-be homebuyers in poor and working class neighborhoods competing in the marketplace with sophisticated, professionalized investment firms that usually pay in cash…