While the overall advantage of renting narrowed to $42 across the top 50 metros compared with 2023, it was still $758 higher when compared with pre-pandemic.
Fannie Mae and Freddie Mac led the market with the greatest share of mortgage originations.
The investment will allow the residential management platform provider to enter new markets and drive solution development.
Renter households in the second quarter grew at the second-fastest pace since 2021, while the number of homeowner households grew at the slowest pace since 2019, according to Redfin.
Moving into multifamily, Lovett Commercial will begin welcoming residents to its new 106-unit, garden-style community this month.