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I many cases its more that the peak is over with many they want to invest in.Now we see new builds making gains.Alos banks are not doig the foreclose numbers they were .
No real news. The easy pickings are mostly gone, they had to be cleared out so the market could stabilize and start moving through regular buyers.
Higher base pricing has been established though and investor purchased accomplished that. Without the investors coming in, prices would have remained in the tank. As it is, prices are still far below 08 levels.
Speculation is what makes markets. Those homes sold to investors aren't only being turned around and sold, they are becoming rentals too. Without the investors, we'd still have all those homes sitting there degrading into worthlessness. There were some fantastic buys out there at interest rates that we aren't going to see for a long time.
Those homes sold to investors aren't only being turned around and sold, they are becoming rentals too. Without the investors, we'd still have all those homes sitting there degrading into worthlessness.
This is true but not emphatically true. I have seen quite a few houses being put back
on the market by investors who are only flipping them, not doing any work on them,
not renting them, just attempting to re-sell them higher.
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