Matt Huerta

Investor Groups with Cash Pushing Middle-Class Homebuyers out of the Market

A trend has emerged in the Silicon Valley real estate market, where middle-class homebuyers are losing out to cash buyers—often investment groups from overseas—who convert owner-occupied homes into rentals. The natural tendency of sellers to choose quick, guaranteed sales over offers with financing contingencies is a new assault on middle-class home ownership, a shift likely to expand the ranks of landlords and tenants and make home ownership an increasingly elusive American dream.

Read More 6