Why Housing Markets Are Heading South … Again
Written by Keith Jurow, Capital Preservation Real Estate Report
Demand for Houses by Non-Investors is Weakening
In previous articles over the past two years, I have emphasized that a rising percentage of home buying has come from all-cash investors. I argued that this was not a sign of a housing recovery. Rather, it showed that the traditional housing market led by trade-up buyers purchasing with a mortgage was still moribund.
Source: http://econintersect.com/wordpress/?p=47455
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