Glenn Beck warns of MASSIVE housing market upheaval occurring NOW: The changes, he explained, could prevent millions of aspiring homeowners from achieving their American dream thanks to huge investment firms buying up as many houses and neighborhoods as they can. Glenn shared a recent Redfin News report, which shows that almost one in five homes sold in the U.S. during the third quarter of 2021 was purchased by an investment firm, and many are paying tens of thousands of dollars over the asking price. "Investors bought more than 90,000 homes, totaling more than $63 billion, representing 18% of all homes sold in the quarter. The numbers broke all records." "The same factors have pushed more Americans to rent, which also creates opportunities for investors, because investors typically turn the homes they purchase into rentals," he continued. "And now they can charge higher rents." Glenn went on to add that "nearly 77% purchased were bought in an all-cash transaction. That's not your average person. These investment firms, like BlackRock, are going in and buying entire neighborhoods."
