While cities like Miami, Austin and Atlanta have been in the spotlight for real estate investors, the Jeff Bezos-backed investment platform Arrived is quietly making significant strides in markets that had previously flown under the radar. The real estate investment platform, known for allowing retail investors to buy into properties with as little as $100, is diversifying its portfolio across various U.S. cities, raising concerns about its impact on the housing market. Arrived’s Market Focus: A
Real estate investors still account for a significant number of single-family home purchases, buying 26% of all homes sold in June 2023, according to a recent report. These numbers have remained fairly unchanged over the past two years, and are causing some lawmakers to call for banning large investors from purchasing homes that could otherwise be a homeowner's primary residence. Earlier this month, Arrived, a Jeff Bezos-backed real estate company, announced a new fund aimed at acquiring single-
U.S. Rep. Ro Khanna (D-California) posted on X earlier this month to gain support for his Stop Wall Street Landlords Act bill. "The last thing Americans need is a Bezos-backed investment company further consolidating single-family homes and putting homeownership out of reach for more and more people," he posted on X. "Housing should be a right, not a speculative commodity. Congress must pass my Stop Wall Street Landlords Act." The post was in response to an article published two days earlier abo