News Article From: 03-20-2013
Wall Street Institutions Behind Home Price Surges In Markets Like Phoenix
Housing stocks have surged over the past year and billionaire investors like Warren Buffett have been exceedingly vocal about the investment opportunities brick and mortar properties have represented. Now those Wall Street bulls have been helping fuel the surge in home prices. Institutional investors have been targeting specific markets and then accelerating purchases of REOs in those markets. Investor activity has been particularly robust in Atlanta, Ga., Detroit, Mich., Las Vegas, Nev., Phoenix, Ariz., and Calif.'s Los Angeles, Riverside and Sacramento.
Read article - Forbes