Investors quietly “follow the money” into local Redding area housing

This post was published 6 years ago. Please, read this page keeping in mind that this home may have sold by now. You can always check current status by calling or texting (530) 356 4500 The Address Realty DRE # 01710206

We know investors and hedge funds are buying up distress sale houses, and that’s been driving down our local inventory here in Northern California. In turn the reduced inventory of Redding area homes for sale, is driving up prices on what is available. Here’s an interesting Bloomberg article forwarded to me from blogger Marc Beauchamp that confirms the strategy of hedge funds buying up homes to rent, if not exactly local.

“Blackstone Group LP (BX), the private-equity firm that has spent $5 billion on more than 30,000 distressed houses, is preparing to expand its bet on the housing recovery by lending to other landlords.”

ReddingBirdsEye

Short URL:

Leave a Reply

Your email address will not be published. Required fields are marked *