The slump in home sales this spring has befuddled economists and bedeviled real-estate agents, given how low borrowing costs and unemployment have been. Big rental-home owners, on the other hand, are overjoyed.
Invitation Homes Inc.
, which owns more than 80,000 single-family houses, and American Homes 4 Rent, with nearly 53,000, reported record occupancy and rents this week. Invitation said its same-home occupancy rate ticked up to 96.5%, and that rents on leases signed during the period were up 5.3% from a year earlier....
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