This doesn't seem like a lot of real estate.
From Benzinga, June 29:
Countless news headlines have been calling for a housing crash for the better part of a year, yet prices are still climbing in many parts of the U.S. According to data from Redfin, the median sale price has increased by over 9.38% since January and has fallen only 3.4% from the peak in May 2022.
Despite rising mortgage rates, buyers are finding little relief in home prices because of the massive shortage of supply. According to an analysis from Realtor.com, the gap between single-family home construction and household formations grew to 6.5 million homes in 2022.
Shortly before home prices began to surge in 2021, Amazon.com Inc. Founder Jeff Bezos made a bet on a Seattle-based startup that had a mission to make real estate investments more accessible to retail investors. That year, Arrived Homes became the first company to legally sell shares of individual rental properties to nonaccredited investors.
Investors on the real estate platform have now funded over 275 single-family homes with a total value of more than $102 million....
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