Investors jump into housing market

One interesting note in this morning’s Existing-Home Sales report from the National Association of Realtors is that the investors purchasing homes comprised of 23% of January’s total.  This is up from December’s figures.  Given that most of the low down payment investment property mortgage programs have been unavailable for a couple years I speculate that many of these investors are experienced players in the real estate market.  Therefore, many of these folks may have been waiting on the sidelines for prices to drop to a certain level and are now entering.  Could this be a sign that home prices have bottomed?  Or are near bottom?  It’s tough to know for sure.

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