Archive for August, 2013

The investor trade is crowded: Median price for homes purchased with cash financing reaches highest level ever.


The worm is turning for investment real estate: American Homes 4 Rent posted a net loss of $14 million. Wells Fargo announces layoffs for 2,300 due to drop in refinancing activity.


Reinventing Feudalism in America: How can existing home sales go up when mortgage applications are falling?


Bring back the condo conversions: Los Angeles apartment to condo conversions pick-up steam, just like it did in the last housing run.


The majority of home purchases are now being done by cash buyers: Destroying the myth that cash buyers are a small portion of the market. 60 percent of homes sold in 2013 came from the all cash crowd.


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