Relevant:
- FHA low down payment buyers and cash investors dominate Southern California housing market – Not a healthy market when over 63 percent of sales come from these two groups. Move up sellers unable to shift because of negative equity.
- Las Vegas looks to California for home sales demand -- 1 out of 3 investment property buyers in Las Vegas came from California.
- Welcome Serfs to the new Housing System: How all cash investors are distorting the housing recovery
- Wall Street Cash Is Still Pushing Ordinary Homebuyers To The Curb
- Chinese Cut Back on London Luxury Home Buying as Stock Market Losses Bite
2010-11-06 — mybudget360.com
``In September 43 percent of all purchases were done via absentee buyers... In other words, these are people not planning on living in the homes but either flipping them or renting them out. Again, the question is whether demand will return in a few months or years down the road?''
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