Residential property purchases by institutional buyers reached a record high in the US as free money continues to distort markets

Tom McKay
Tom McKay Livewire

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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