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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National Politics Affect Consumer Confidence

Recent Surveys Show Consumer Confidence Near Record Low Early August market the lowest level of Consumer Sentiment in over 30 years; according to a recent article on MSNBC News. Combined with an increase in consumer spending in the first part of July, the current economic situation is certainly far from simple. With Wall Street and the overall state of the economy tied to the housing market; many are uncertain how mortgage rates will be affected by this. Pundits point to the sharp debate amongst members of Congress over budget deficits and rumors of a Federal Debt Default as likely culprits for late July and early August's drastic upheaval in stocks and the general US economy. Thomson Reuters/University of Michigan conducted the survey of Consumer Sentiment and also reported that survey…
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