SHAH GILANI
Falling headline unemployment figures and rising home prices look good. But, a closer look will surely give average Americans heart palpitations.
Institutional investors are crowding out traditional owner-occupied buyers and forcing them to pay up more for homes than they would be paying if the fast cash wasn’t everywhere. If that trend continues, and it will because like any market that can be theoretically cornered (not nationally necessarily, but conceivably “locallyâ€), the first-in money will try and create a floor and push prices higher to sell out as high as possible.
TO READ MORE:http://www.forbes.com/sites/shahgilani/2013/04/05/rising-home-prices-and-falling-unemployment-dont-trust-the-numbers/
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