By John Gittelsohn | Bloomberg Private equity firms are jumping into distressed housing as the U.S. government plans to market 200,000 foreclosed homes as rentals to speed up the economic recovery. GTIS Partners will spend $1 billion by 2016 acquiring … Continue reading
“Shadow inventory,” the number of homes that are either in foreclosure or are likely to end up in foreclosure, creates substantial but hidden pressure on housing prices and potential losses to banks and investors. This is a critical figure for … Continue reading
Homeowners finance evicted tenants’ moves _ big business ‘making money out of people’s misery’ By Verena Dobnik, Associated Press NEW YORK (AP) — Property owners across the country bear a burden from the recession: paying a fortune in moving and … Continue reading