Posted: 01 May 2013 10:16 AM PDT
Understanding the real estate industry is always a challenge, but the recovery that we have been talking about recently has not been kind to homeowners. Instead, what we are seeing is the market finding it’s base through the investor class.
Tight credit has been a huge part of the real estate industry these days. The home owner class has been beaten up financially by the downturn and still has not recovered from it. Instead of being homeowners, they are renting the homes they used to own… Ouch.
Investors are finding the low prices and even lower interest rates as the chance to increase their holdings. Add to this large investment pools buying up real estate in certain cities, the market volume has been increasing. But the "American Dream" buyers are still recovering and sitting on the sidelines. They will be back, but this recovery is investor driven so we must be patient for the past homeowners to come back.
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