Big Money Investors
Here is another article about big money investors, most of them from Wall Street, buying up America's affordable housing. The article is looking at multiple markets across the United States. Regardless of the market, the Investors are still buying despite home valuations at all-time highs.
My guess is they see the demographic wave of buyers, many of which are still on the sidelines either renting or living with family. This wave is finally starting to buy but they face tough competition. from cash investors.
The investors are buying single family, multi-family, new construction, vacant ground, and whatever they can get their hands on. Read the article to learn more.