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Archive for July, 2011

Investors To Rescue Housing Market


Real estate investors will outnumber traditional borrowers 3 to 1 during the next two years, a new survey says, helping clear millions of repossessed properties from banks’ books and pave the way for a recovery.

By Lew Sichelman Reporting from Washington— July 10, 2011

Who is going to lead the housing market out of the doldrums?  Certainly it won’t be move-up buyers. People who already own homes are not likely to be venturing forth to find another one until they can sell their current residences. With so many foreclosures it’s tough to stand out in the crowd unless you’re willing to give your place away. Read the rest of this entry »