Shortage of Foreclosures could be because of this reason or could it:
Large corporate investors are continuing to buy up thousands of single-family homes to turn them into rentals and money-making ventures.
And institutional investors are expected to become an even bigger force in the housing market in the coming months. Silver Bay Realty Trust Corp. became the first entity to seek an IPO for its single-family home real estate trust, hoping to raise $287.5 million for its IPO. Colony Capital plan to invest $1.5 billion in the single-family rental market in the upcoming year, officials told USA Today.
Fannie Mae is pressing forward with its bulk sales program, expecting to unload nearly 2,000 homes in bulk sales to investors to lighten its portfolio of foreclosed houses. Read more...
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