Amherst: Private Investors Are Only Realistic Alternative to Clear Agency REO Inventory
October 20, 2011
Long-term investor involvement is the industrys best bet and only realistic alternative to boost housing demand and allow government housing agencies to meaningfully discharge their backlog of real estate owned properties, according to a report by Amherst Securities Group. However, Amherst notes that private investors will require more financing options and better access to bulk portfolios of homes, perhaps through a government program, in order to absorb and convert dormant distressed properties into active, income-producing rentals. The massive housing market overhang is a clear danger to the U.S. economy it creates...