Tuesday, August 23, 2011

Investors Can’t Resell

Anemic demand from owner-occupant homebuyers has forced investors to rent out about half of the homes they purchase — as opposed to renovating and flipping the properties.
Investor purchases of homes continued to decline for the third month in a row in July as investors were forced to adapt to new business models, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.

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