Relevant:
- Existing U.S. Home Sales Decline as Supply Drops
- Blackstone Buying $100M Single Family Homes per Week
- "Build-to-rent" housing market, driven by Millennials, explodes as investors rush in
- Bank Of America To Sell Off Hundreds Of Foreclosed Homes In Second-Ever Bulk Offering
- Hedge funds are buying up delinquent mortgages
2012-12-11 — nytimes.com
``A flurry of private-equity giants and hedge funds have spent billions of dollars to buy thousands of foreclosed single-family homes. They are purchasing them on the cheap through bank auctions, multiple listing services, short sales and bulk purchases from local investors in need of cash, with plans to fix up the properties, rent them out and watch their values soar as the industry rebounds. They have raised as much as $8 billion to invest, according to Jade Rahmani, an analyst at Keefe Bruyette & Woods. ''
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