Housing investment boom crowds out individual buyers

04/22/2013 | Washington Post, The

Single-family homes in distressed areas are a hot asset right now for Wall Street investors, with some firms snapping up hundreds of homes a day. Some analysts worry that individual buyers are being crowded out of the market. "Lower-income Americans will lose their opportunity for the American dream of building wealth through owning a home," said Jack McCabe, a Florida real estate consultant.

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