RealEstateJournal | Investors Start to Retreat From the Housing Market
By Ruth Simon
From The Wall Street Journal Online
Individuals are pulling back from buying homes and condos as an investment, in a move that could accelerate the cooling of the housing market.
In markets such as Las Vegas, Miami, Phoenix, San Diego and Washington, D.C., where investor activity had been heated, fewer people are competing to buy properties as an investment, real-estate brokers and housing analysts say. Some investor-owned properties are returning to the market for sale. With the pace of price appreciation slowing, some investors who were betting on quick profits are instead being squeezed.
RealEstateJournal | Investors Start to Retreat From the Housing Market
From The Wall Street Journal Online
Individuals are pulling back from buying homes and condos as an investment, in a move that could accelerate the cooling of the housing market.
In markets such as Las Vegas, Miami, Phoenix, San Diego and Washington, D.C., where investor activity had been heated, fewer people are competing to buy properties as an investment, real-estate brokers and housing analysts say. Some investor-owned properties are returning to the market for sale. With the pace of price appreciation slowing, some investors who were betting on quick profits are instead being squeezed.
RealEstateJournal | Investors Start to Retreat From the Housing Market
posted by Patrick Leblanc at 8:52 AM
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