
“U.S. housing recoveries almost always have been ignited by rising demand from families and individuals looking for a place to live. This recovery is different. Investors—including some big Wall Street players—are leading the way, say industry executives and analysts. Their role is noteworthy given that flippers and speculators were blamed for helping to inflate the housing bubble of the past decade. Today’s investors are mostly buying with the intention of holding on to the homes and renting them out. Fear of buying homes when prices are dropping has been replaced by the fear of missing out on cheap homes.”
http://online.wsj.com/article/SB10001424127887324034804578346800317118568.html
Related posts:
How will Obama defend secret NSA program in court? Letter offers clue.
Secret NSA cybersecurity program to protect power grid confirmed
Iraq attacks kill 39 as official escapes assassination
Soviet soldier who disappeared 30 years ago in Afghanistan located
Obama offers plan to deal with the high cost of college
WikiLeaks: Journalist Michael Hastings Under FBI Investigation Before Death
N.S.A. Said to Search Content of Messages to and From U.S.
Goldman to Fidelity Call for Calm After Global Stock Wipeout
Central bank seeks to rein in Auckland housing market
Gold Smuggling to Climb in India on Tax Increase, Festivals
Hedge Funds Gear Up for Another Big Short: High-Yield Bonds
Dad Can’t Buy Daughter Shoes as Argentine Currency Falls
Gadget to stop driver distraction could become compulsory
Venezuela's gold reserves fall 24% in 18 months
Bitcoin Rollercoaster Hits China, Challenging Supervision