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  • Metro East REIA

Wall Street Is Losing Out to Amateur Buyers in the Housing Slump

A recent report on Bloomberg says “Wall Street is losing out” to mom & pop buyers in the current housing slump after they say “big money” spent a fortune snapping up homes. The article talks with several real estate investors in the Phoenix area about their recent purchases and the path that led them there. Interestingly, it points several properties that Opendoor was apparently taking a haircut on after overpaying. Continue reading HERE...

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