Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
W S
The Ticker

Investors pull out of rental market

foreclosure sign
/ Print / Reprints /
| Share More
/ Text Size+

According to CNBC, some big investors are pulling out of the single-family rental market after witnessing a stall in home price gains and a large drop in the number of distressed properties. CNBC has more:

"I think the investor market is largely past us," Doug Lebda, chief executive of Lending Tree told CNBC. "People were buying investment properties three, four, five years ago. What I hear is that's slowing now."

Recent reports that Oaktree Capital Group is selling about 500 of its homes added fuel to other reports that Och-Ziff Capital management is selling its homes as well. Both declined to comment on the reports. Carrington Mortgage Services stopped buying distressed homes late last year, claiming the market was "a bit too frothy."

Source: CNBC
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus