Investors, Inventory Shortage Catalysts to Housing Rebound: Report
According to an article posted today by DSNews, Investors, Inventory Shortage Catalysts to Housing Rebound: Report, an inventory shortage of distressed properties has actually spurred recovery in the market rather than creating an artificial and temporary fix. The report, published by Pro Teck Valuation Services’ Home Value Forecast, notes that “one of the catalysts driving the housing market rebound has been large investment funds, which are buying distressed single-family homes to be used as rentals” (dsnews.com). These investment properties are then renovated, a positive effect on surrounding conditions that helps to drive up values. Additionally, the reduced number of distressed properties is driving up value, helping to promote recovery. For additional information about the Pro Teck study and analysis click here: http://www.dsnews.com/articles/investors-inventory-shortgage-catalysts-to-housing-rebound-report-2013-04-18
