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Residential property purchases by institutional buyers reached a record high in the US as free money continues to distort markets
Residential property purchases by institutional buyers reached a record high in the US as free money continues to distort markets. Wall Street's influence on the residential real estate market is growing as the biggest investors, Blackstone Group LP and American Homes 4 Rent, have together bought about 60,000 homes across the country to benefit from low prices and rental demand from millions of former home owners who have lost properties through foreclosures. (VIEW LINK)
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Tom McKay is the Co-Founder and Managing Director of Livewire. Tom's passionate about democratising access to high quality investment ideas and insights, so all investors can make more informed and successful investment decisions.
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