For some investors, real estate may have lost its rosy glow
Will investors continue to purchase residential real estate at a record pace, or will they return to the stock market, where analysts believe moderate gains are on the horizon?
If there is a wild card in the nation’s housing this year, it’s the investor market, according to housing analysts.
“We can’t find a period when the investor share of home sales has been higher than in the last year,” said David Berson, chief economist with mortgage company Fannie Mae, the largest player in the lending industry’s secondary market. “However, in the fourth quarter, it looked like investors were starting to step back. We just don’t know for certain how far that’s going to go.”