Want lower home prices? Cut incentives for house investors
Basic economics tells you that if you lower the demand for a product, the price should fall. Limiting financial incentives for housing investors could increase the share of homes owned by the folks who live there. Consider a new study from the American Enterprise Institute. It notes that favorable f
Where are house investors most active in California?
Roughly one in six California houses is owned by someone who doesn’t live there – but investors’ market clout varies across the state. That’s what my trusty spreadsheet found after reviewing a BatchData report that found investors of all sizes own 1.28 million houses statewide – 17% of California’s
Average US long-term mortgage rate dips to where it was 3 week ago, just above 6%
By ALEX VEIGA, AP Business Writer The average long-term U.S. mortgage rate is holding at just above 6% after reversing a modest uptick in recent weeks just as the housing market closes in on the spring homebuying season. Related Articles This San Diego AI giant wants to merge with its rival. Togethe
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