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Wall Street Thinks U.S. Homes Are Overpriced
In This Article:
House hunters don’t need to be told that property is too expensive right now. The stock market is pricing portfolios of American homes at a hefty discount to what houses are changing hands for in the open market. Shares of single-family landlords Invitation Homes and American Homes 4 Rent are trading at 35% and 20% discounts to their net asset values, respectively, according to real-estate analytics firm Green Street.
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