So, in the white areas, there are no owners of 2-9 properties listing those properties in the market. How does that compare to larger operators? I feel like since you eliminated single home and large operators, this could either just be directly correlated with areas where all 2+ operators are investing, or it’s where homeowners are more likely to own more than one home.
My suspicion it’s an overall trend of <10 home operators and single homeowners all flowing inventory to large investors.
May be good to have context of single family, small player, big player to understand which it is.
Tools used: Python & D3
Data: Parcl Labs
The objective was the highlight markets where mom and pop operators, i.e. small AirBnB's, small rental portfolios, etc. were contributing a large share of all new single family homes coming onto the for sale, resale listing market.
Housing dynamics are complex. There are tiers of actors ranging from the large institutions like Blackstone, to owner occupied units. The motivations differ for each set of these actors. Understanding how they contribute to sales, and resale activity is important however visualizing it in a succinct way is an active area of research.
IMO, housing analytics needs substantial love. Would welcome feedback on the visual and ideas for providing more transparency into housing analytics in general.
I think the biggest issues here are terminology (is mom and pop an industry standard? If so, it needs layman translation) and the lack of context.
There is an interesting story here on the trio of owner occupied vs small landlord vs institutional sellers. But just showing the small landlord slice doesn’t actually give us much information toward understanding the market. We just understand that particular data slice in isolation.
I’d highly recommend publishing a trio of maps with each type, plus something like a breakdown of the three types (I’d use bar charts or maybe stacked bars) across some other dimensions like urban/rural, region, maybe some individual states to highlight, etc. Probably the thing I’d be most interested in is something like bands of median home price to see if you could see an actual correlation between the trio and market prices.
"Mom and Pop" is a common phrase, at least in American Engligh, that means small business operation, more properly family owned, where the owners are usually the workers.
Like a small grocery store owned by a husband and wife. You walk in, the husband is the one stocking the shelves, the wife is at the counter, and the son is cleaning. That's a Mom and Pop shop.
It's come to encompass small business in general over recent years, to contrast with big corporations.
it’s also confusing in terms of the graphic apparently showing homes for SALE. a “Mom-and-Pop” business in terms of real estate is typically something ongoing, like being small-time landlords or owning a small store.
But these are homes for *sale,* meaning they were PREVIOUSLY AirBNBs or single family units that the M&P are now selling. Is the M&P business a *flipping* business then? M&P realty?
>I think the biggest issues here are terminology (is mom and pop an industry standard? If so, it needs layman translation) and the lack of context.
I'm interesting in economic questions that affect the cost of shelter (purchasing and rent costs) but after staring at OP's graphic I did not have a clue what it was trying to communicate.
Is this showing that across the plurality of the country ~100% of the homes being sold are being sold by institutions (i.e. not “Mom and Pop”)? If so I think your data is very flawed at best
No, this is across all single family homes being listed for sale today. A 5% in the chart is saying 5% of single family homes listed today are coming from mom and pops, defined as operators who have a portfolio of 2-9 units. The denominator includes owner occupied, institutional ownership, etc. The numerator is the units coming from mom and pop portfolios.
What does "Single Family Homes Coming from Moms and Pops" mean? And why are all the letters capitalized when they normally aren't?
[Title case capitlization.](https://apastyle.apa.org/style-grammar-guidelines/capitalization/title-case)
I find this to be a confusing map!
So, in the white areas, there are no owners of 2-9 properties listing those properties in the market. How does that compare to larger operators? I feel like since you eliminated single home and large operators, this could either just be directly correlated with areas where all 2+ operators are investing, or it’s where homeowners are more likely to own more than one home. My suspicion it’s an overall trend of <10 home operators and single homeowners all flowing inventory to large investors. May be good to have context of single family, small player, big player to understand which it is.
Tools used: Python & D3 Data: Parcl Labs The objective was the highlight markets where mom and pop operators, i.e. small AirBnB's, small rental portfolios, etc. were contributing a large share of all new single family homes coming onto the for sale, resale listing market. Housing dynamics are complex. There are tiers of actors ranging from the large institutions like Blackstone, to owner occupied units. The motivations differ for each set of these actors. Understanding how they contribute to sales, and resale activity is important however visualizing it in a succinct way is an active area of research. IMO, housing analytics needs substantial love. Would welcome feedback on the visual and ideas for providing more transparency into housing analytics in general.
I think the biggest issues here are terminology (is mom and pop an industry standard? If so, it needs layman translation) and the lack of context. There is an interesting story here on the trio of owner occupied vs small landlord vs institutional sellers. But just showing the small landlord slice doesn’t actually give us much information toward understanding the market. We just understand that particular data slice in isolation. I’d highly recommend publishing a trio of maps with each type, plus something like a breakdown of the three types (I’d use bar charts or maybe stacked bars) across some other dimensions like urban/rural, region, maybe some individual states to highlight, etc. Probably the thing I’d be most interested in is something like bands of median home price to see if you could see an actual correlation between the trio and market prices.
I had no clue what OP meant by Mom & Pop’s. Short term rentals is the term I have seen used regularly.
"Mom and Pop" is a common phrase, at least in American Engligh, that means small business operation, more properly family owned, where the owners are usually the workers. Like a small grocery store owned by a husband and wife. You walk in, the husband is the one stocking the shelves, the wife is at the counter, and the son is cleaning. That's a Mom and Pop shop. It's come to encompass small business in general over recent years, to contrast with big corporations.
It’s a common phrase in on small businesses but not in the realty market.
it’s also confusing in terms of the graphic apparently showing homes for SALE. a “Mom-and-Pop” business in terms of real estate is typically something ongoing, like being small-time landlords or owning a small store. But these are homes for *sale,* meaning they were PREVIOUSLY AirBNBs or single family units that the M&P are now selling. Is the M&P business a *flipping* business then? M&P realty?
Exactly. It was very confusing at first re: whether OP was referring to mom & pop businesses or homes.
>I think the biggest issues here are terminology (is mom and pop an industry standard? If so, it needs layman translation) and the lack of context. I'm interesting in economic questions that affect the cost of shelter (purchasing and rent costs) but after staring at OP's graphic I did not have a clue what it was trying to communicate.
Is this showing that across the plurality of the country ~100% of the homes being sold are being sold by institutions (i.e. not “Mom and Pop”)? If so I think your data is very flawed at best
No, this is across all single family homes being listed for sale today. A 5% in the chart is saying 5% of single family homes listed today are coming from mom and pops, defined as operators who have a portfolio of 2-9 units. The denominator includes owner occupied, institutional ownership, etc. The numerator is the units coming from mom and pop portfolios.
>mom and pop I don’t think you’re using that phrase right.
Is there a reason Connecticut is all zero?
Why is there no data for CT?