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This contradiction highlights a significant disconnect; sellers seem to be ignoring the underlying market conditions, hoping for an eventual rebound. Additionally, recent federal interest rate cuts have not spurred price gains among major landlords, who continue to struggle under rising costs and market expectations.
Future Implications and Investor Sentiment
Evidence suggests that large Wall Street landlords are increasingly pessimistic about the housing market's future. For instance, Invitation Homes and American Homes for Rent have seen their stock prices drop contrary to broader market gains. This could indicate a perception among investors that current housing prices are inflated.