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.






Start a Conversation - Add Comments

Your Comment: ( Please enter all fields and security code. )

Name:
Email:
Website:
Topic:
Comments:
 
Word Verification:
 

Latest Comments

US Mortgage Applications Fall as Refi Demand Drops - giofls | Jan 30, 2013 07:54 AM ET Mortgage apps down on just a small increase in interest rates, which are still close to modern era lows? Not a good sign for the economy, and more reason the Fed nee... - by VWpmm

Home Re-Sales Jump Amid Mixed Economic Data - sidfeinberg | Dec 20, 2012 10:10 AM ET You must buy now or you will be priced out. Real estate is up 14% this year. You will see 20% gain in 2013 The housing market is booming, stocks... - by Xbox28

traditional ways of approving home loan - ckoffend | Jan 11, 2013 07:26 AM ET Remember the politicians! Thanks to them, Barney Frank in particular, Fannie and Freddie were by LAW required to "buy" or "underwrite" more than 50% of their "loan... - by OldTimer555

Great news for the 146,000 who found work - RegularGuy504 | Dec 7, 2012 08:56 AM ET The jobs are there. The president cannot be blamed if a select few do not feel the need to actually go an get them. <3 how the U6 numbers mean something now wh... - by news744

Modest US Growth in 2013, Housing Recovery to Continue: NABE - We.are.being.played | Dec 17, 2012 09:10 AM ET Well - you may be calling for sunny weather - BUT - I don`t buy it (literally). Given the large Sheeple population, that are breeding with the Lemmings,... - by Force_R



Investor-driven housing recovery poses danger

Real Estate Agent Directory

Are you looking for a real estate agent in your area? At housing news blog, you can search for your local realtor and real estate service by using our agent search features.

Real Estate Agent Directory

Get listed!

Are you a real estate agent? Get listed for free with us! Complete a real estate agent profile form and get listed in a few days. Click on the link below to get started!

Free agent profile!