Since the housing crisis of 2008, Wall Street real estate investment companies have purchased a huge inventory of homes, typically through foreclosure, that were left abandoned by homeowners unable to pay their mortgages. According to a CoreLogic Special Report released in 2018, the share of home sales bought by investors reached its highest level in two decades as real estate investment companies purchased 1 in 5 homes in the bottom-third price range during the year. “These are the homes that first-time homebuyers would logically be buying,” said Ralph McLaughlin, deputy chief economist at CoreLogic. Read the article……………………..
Related Post
March 22, 2017
July 6, 2015
August 20, 2018
September 3, 2022
Comments are closed.