Do Investor Home Sales Mask A Sick Housing Market

Dated: February 6 2014

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Experts warn fundamentals just aren't there.

The sheer volume of institutional purchases in 2013 drove much of the housing price appreciation, without supporting property fundamentals, and that is alarming some experts. First a little context. In the pre-meltdown market, about 85% of home sales were individuals purchasing with a mortgage, about 10% were all-cash sales, and about 3-5% were distressed sales. Flash-forward to 2013 and that sanity is absent — something like 40% of home sales were individuals using a mortgage, 40% were all-cash, more than about 15% were distressed sales and 5% were flips. Read more...

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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 30 years in the industry, Mark has gained experience in ....

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