The Professionals’ Choice for Real Estate Jobs

12 Hour Home Sales

All cash, no inspection, signed contract 12 hours after the home goes on the market – Wall Street REIT’s have moved to the suburbs. Wall Street’s big investors have spent about $40 Billion buying 200,000 homes, renovating them, and building rental-management businesses according to Green Street Advisors. Blackstone’s Invitation Homes spent an average of $25,000 per home on renovation. This mass home buying began a decade ago with the financial crisis. The Middle Class couldn’t afford to buy a home so if they wanted the suburban life needed to rent. Problem is the renters were not prepared for Wall Street’s year-over-year increased earnings. Renewed leases increase 3 to 3.5%, or more. The Wall Street Journal’s assessment of renting versus buying assumed 10% down payments, 30-year fixed rate mortgages plus taxes and insurance, concluding renters were paying 32% more than the monthly ownership cost, which today is spurring home building. But if the new urban-dwelling Baby Boomers start to miss the suburbs, will it cause another paradigm shift?

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

All Top Talent Brief