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Heraclitusstudent
2013 Sep 6, 7:39am
In summary first time buyers couldn't compete against investors but they are expected to replace them now that the price is up and the bargains gone.
It's more like first-time homebuyers buying with Fannie and Freddy guarantee mortgages will step in to provide an exit strategy for vultures (hedgefunds and indiv. investors).
JH
2013 Sep 9, 10:46am
"Investors helped stabilize a housing market that was in free-fall..."
Three cheers for the investors. Hip Hip Hooray. Where would we be without them???????
HydroCabron
2013 Sep 9, 12:19pm
Keep in mind: with lending standards tightening and interest rates up, these first-time buyers will be ca$h buyers. This is a better-grounded, wealthier class of homeowner.
This is great news for real estate prices!
JH
2013 Sep 9, 12:32pm
these first-time buyers will be ca$h buyers.
Yes, there are enough first-time, all cash buyers to support these prices. All seven of them have been waiting on the sidelines for the investors to get tired of snatching up "dirt cheap" real estate. Waiting until prices were just a little higher. These first time all cash buyers are going to swoop in like vultures!
http://news.yahoo.com/analysis-waning-investor-demand-opens-door-first-time-180002740--sector.html
#housing