Millenials: Step Right Up . . . Get Your Bargain Home Here! D.R. Horton executives said while the demand for these homes exists, the supply does not. Millions of bargain-basement priced homes flooded the market after the housing crash, but the vast majority were swallowed up by all-cash investors, who rehabbed the homes as rentals. That left regular buyers out in the cold. Investor competition for distressed homes pushed prices up quickly in the hardest hit markets, adding yet another barrier to entry for lower-income or first-time buyers, who largely depend on credit. . .
Posted on: Fri, 04 Jul 2014 02:07:23 +0000
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