Investors have placed high bets on housing in recent years, purchasing distressed homes in bulk. Now it may be time for them to prove that their bets are going to pay off.
Investors have been cooling on the market recently because of rising home prices and a more limited inventory of distressed properties. Investors made up 16 percent of home buyers in June, a drop from 22 percent in February, according to the National Association of REALTORS(R). Instead of continuing on a home-buying spree, investors are now focusing on making sure the houses they have snatched up are profitable and occupied by renters, CNBC reports. Can Investors Make Good on Housing Bets?
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