2013-06-10 — nytimes.com
``As it turns out, the surge was not mainly the result of first-time buyers or growing families or job relocators. Rather, as Nathaniel Popper reported in The Times, Wall Street investors -- including the Blackstone Group and other private equity firms -- have been big buyers in the troubled areas where prices have been rising the fastest. Those gains, in turn, have propelled rising home prices nationwide, in part by reducing supply and in part by fostering a shift in perceptions about the housing market that has drawn some potential home buyers off the sidelines. ''
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