Investors Pile Into Housing, This Time as Landlords
institutional investor capital," he said.
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. As they pile into the housing market, they have set off a chain reaction that has stabilized prices and changed market psychology, industry executives and analysts say.
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http://online.wsj.com/article_email/SB10001424127887324034804578346800317118568-lMyQjAxMTAzMDIwNTEyNDUyWj.html?mod=wsj_valettop_email
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. As they pile into the housing market, they have set off a chain reaction that has stabilized prices and changed market psychology, industry executives and analysts say.
Read the rest here:
http://online.wsj.com/article_email/SB10001424127887324034804578346800317118568-lMyQjAxMTAzMDIwNTEyNDUyWj.html?mod=wsj_valettop_email
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