NPR | All Things Considered: Cash Buyers Squeezing Out Traditional Home Seekers February 28,2012

Submitted by lusk-admin on Tue, 07/10/2012 - 16:56

...But the steep discounts cash investors want are pushing home prices down overall. Surprisingly, that's fine with Richard Green, a professor at the University of Southern California's Lusk Center for Real Estate. He says any depressive effect that cash buyers have on prices is probably worth the trade-off, because they're also eating into the overhang of foreclosures...

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