This Housing Recovery Is Different:
Investors Are Now Big Buyers
...Unlike past housing recoveries, this one is heavily supported by investors — big and small. They account for about a third of home purchases in the existing housing market, according to the National Association of Realtors.
Among those big investors are the Blackstone Group (BX) which has been buying $100 million worth of single family homes a week since early last year, spending a total $3.5 billion to date, according to the Wall Street Journal. Click picture to learn more.
Related Stories:
Big business bets billions on Atlanta's housing recovery
Could Wall Street's plan to buy up and rent out foreclosed homes boost hard-hit neighborhoods? Or inflate another housing bubble?
One More:
Occupy Our Homes crashes foreclosure auction, protests investment firms buying up distressed properties
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