(jeffcl612)Areas like Las Vegas, Phoenix, and Miami — all hit pretty hard by the collapse of the last housing bubble — are now seeing home prices rise at rates above the national average. But rather than this being an indicator that these areas are finally recovering, some worry that it’s just a lot of hot air being pumped into another bubble by Wall Street investors. The Washington Post reports on the huge amounts of money that institutional investors are putting into single-family homes in some areas hit the hardest in recent years.
Are Wall Street Investors Pumping Up The Next Housing Bubble?
Chris Morran, The Consumerist
Mon, 04/22/2013 - 9:46am
Topics: las vegas phoenix wall street the washington vegas it s i making the fort lauderdale ft lauderdale miami post florida housing bubble home buy prices real estate homes years properties market mortgage areas average firm pay cash national tells investment rates people money sales houses jobs hit homeowner hard consumers
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