As most of us have already been made aware, investor activity has recently slowed on the market due to rising home prices and a more limited inventory of distressed properties. Now, the focus of buyers who purchased distressed properties in bulk is the challenge of making their investments worthwhile.
According to a CNBC report, investors made up 16 percent of home buyers in June, a drop from 22 percent in February. Colony Capital's Justin Chang stated, "What you're seeing in housing overall is a bit of a pause as the market digests what's happening. We are in the early days of a long recovery."
Read more at the following link:
http://realtormag.realtor.org/daily-news/2013/09/05/can-investors-make-good-housing-bets
Source: REALTORMAG.REALTOR.org
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