A California company called Roofstock, which lists single-family rental homes for sale, has seen traffic from overseas investors explode since the Coronavirus started to hammer the global economy. Overseas investors are looking for a safe haven for their capital and are turning to the U.S. real estate market.
Gary Beaslet, CEO of Roofstock said, “I think people look at hard assets, things like real estate, which are uncorrelated generally to the stock market, and specifically U.S. housing, that tends to perform quite well on a relative basis during times of market volatility.”