The Investor Invasion
Homes sold then listed for rent -- owner-occupied to investor-owned. Watch the conversion reshape neighborhoods.
What the data shows
The post-2008 era fundamentally changed American homeownership. Institutional investors — Invitation Homes, American Homes 4 Rent, and hundreds of smaller operators — bought foreclosed single-family homes by the thousands and converted them to rentals. Atlanta, Phoenix, Tampa, and Charlotte were the epicenters.
This visualization detects conversions from transaction history: a property that was sold (owner-occupied) and then listed for rent (investor-owned). The acceleration post-2020 is striking — remote work and housing affordability crises have pushed conversion rates to historic highs in markets that were previously owner-dominated.