In contrast to other housing turnarounds, investors have largely powered the recent recovery. Rock-bottom mortgage rates, bargain-basement prices and soft competition from other buyers are among the reasons why investors have flooded the market, RISMedia reported. Investor activity has been a boon to other industries as well, like home remodeling.
But demand from investors is expected to diminish as prices continue to appreciate. And a mass sell-off in the future could strain the market, RISMedia noted. Source: RISMedia