Why Do Owner-Occupant Buyers Matter to the Housing Recovery?
The unfortunate circumstance to emerge from the foreclosure crisis is the buying trend that has pitted cash investor against home buyer. Both sets of buyers play a critical role in the vitality of a normal housing market.
But the incredible volume of foreclosures coupled with fire sale prices, listing agent and asset management practices and government incentives have created an unprecedented set of forces. In the hardest hit markets, investors win the competition half of the time and home buyers are sent to the sidelines empty handed. Multiply this formula MILLIONS of times over and you have a market dynamic that literally is reshaping the complexion of communities for years to come. Only collaboration and large-scale solutions have the power to break this cycle now.
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