Wall Street Speculation Driving Up Home Prices

Portland Real Estate Market
Investors Buying Short Sales & Foreclosures In Bulk, Profiting Big This article is opinion based on available data from a variety of news and financial sources. This article is not legal, tax or financial advice. The author is a real estate broker licensed in the State of Oregon, and an short sale specialist in Portland. [caption id="attachment_6950" align="alignleft" width="300"] Wall Street Back To Gambling On Real Estate[/caption] While recently reduced numbers of short sale transactions and foreclosures have pushed real estate investment money back into flipping and renovating, in the height of the recession many major financial interests were buying short sale and foreclosure homes in bulk and trading them as a commodity. Now, these investment companies appear to be slowing their rate of purchase as the supply of distressed…
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