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Investor-driven housing recovery poses danger

Investor-driven housing recovery poses danger

jeffhar - March 1, 201 Ms. Glink, you obviously aren`t out in the field selling real estate as I am as a Realtor. I can tell you that your opinion that the market may falter when investors pull out is not one I bet is shared by most Realtors that are struggling to find homes for their owner-occupied buyers. Every day many buyers that are looking to own their own home as a place to live in are being beat out by all cash investors. There is so much pent up demand by these buyers that when the large investor pool does shrink to normal levels these buyers will step up and fill the void. As anecdotal evidence I can tell you that in the lower end price range in our area ($500,000 and below) homes don`t last more than a few days on the market. These homes sell for multiple offers and this leaves all but one as the buyer. The "losers" have to wait for the next home to come along and when it does the feeding frenzy starts all over again. So when you say there could be "danger" ahead - I really thing that you`re trying to sell the article more than serious reporting because if you had researched this issue further I think you would have come to a far different conclusion. You`re using words like "Many of these aren`t your bargain hunters..." - Really? What numbers are you using to come up with the "many" comment. In our very hot market in So Cal this number is in the high teens to mid `20`s - hardly many as you stated. Yes you quoted some figures but you`re painting a worse picture than you need to here. Let`s talk rather about the increased equity that has occurred in most parts of the country - thus helping the underwater homeowners recapture some of their equity. This also reduces foreclosures and improves the economy as a whole when owners see value in their property and begin to invest in repairs, improvements - all a trickle down effect in the home improvement industry, right? So danger, I really don`t think so...

jgg000010 - March 1, 201 wait, I thought the housing recovery was the tip of the spear that was going to lead to the overall economic recovery. At least that`s what jill schlessinger has been telling us for 6 months.






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Latest Comments

Pending Home Sales Fall Due to Dwindling Supply - BrianBallsOfSteel | Jan 28, 2013 10:03 AM ET Now this number must be true...if it was good, it would have been FAKE!

debtslave | Jan 28, 2013 10:09 AM ET does CNBS actually proof-read... - by DianaB

we`ve back to mortgages with 100% financing and refinancing at 95% - Mr.Clumpus | Feb 5, 2013 11:39 AM ET Just recently Diana was gloom and doom about housing. Now we`re in a bubble. LOL

j_m_h | Feb 5, 2013 11:40 AM ET One of the signs of a new bubble ... - by Mort2482

Jumbo Mortgages Are Back, but at Far From 2007 Levels - MandyBrazil | Feb 27, 2013 03:58 AM ET if the bank is demanding 30% down and 760 score plus verification of income plus one year payments in bank, how can it be a risk? this is great news
BBB7525

Pending Home Sales Soar Despite Rough Winter - NewDay12 | Feb 27, 2013 10:03 AM ET Dana.....will you quit and get another job....sick of your propaganda.......write a real story like a real journalist and maybe we wouldn`t laugh at you. It is so ... - by Pet422

Banks court international home buyers - Brian Meynell
February 22, 201 American consumers have been milked dry.........someone`s got to keep the system going.


Geno Bronzi
February 22, 201 Another l... - by WNN9b



Investor-driven housing recovery poses danger

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