Investors have not left the market- but that doesn’t mean they are the “smart” money

Today we’ll try and unravel the twisted logic of Realty Times’ Blanche Evans and Lawrence Yun of the National Association of Realtors.  According to Evans:

This latest report should put the notion to bed that the housing boom was largely driven by speculators. The National Association of Realtors annual Investment and Vacation Home Buyers Survey finds that investors and second home buyers snapped up one third of the homes sold in 2007….
Original Source: housingdoom.com

  31 March, 2008| housingblogs | @ 14:16

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