The future of real estate investing: Pretium’s Don Mullen on the rapidly changing asset class

The housing market faces a persistent, long-term supply shortage driven by demographic shifts and a decade of reduced construction following the 2008 financial crisis. Don Mullen, founder and CEO of Pretium, explains that institutionalizing single-family rentals provides necessary housing options for a large segment of the population, including those who do not fit traditional qualified mortgage criteria. While rising interest rates have historically been expected to lower home prices, they have instead constrained supply by discouraging existing homeowners from selling, thereby maintaining upward pressure on valuations. Looking forward, the integration of advanced technology and AI into property management promises to drive labor productivity, while the expansion of residential credit and international investment strategies offers a resilient, all-weather approach to navigating current economic volatility and the ongoing need for modernized housing stock.