Investors With Cash Edging Out First-Time Home Buyers

By Gordon Stephenson

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Wall Street JournalWSJ JOE LIGHT

investors, first time home owner, woman with an agent having a tour of a property .

Investors With Cash Edging Out First-Time Home Buyers

During the housing bust, investors pounced on foreclosures and short sales-houses that sell for less than the amount owed on the mortgage-to use for cheap homes they could rent out or flip for a quick profit. Now, those easy pickings are gone, but the investors are still swarming over local housing markets, offering all-cash deals and creating…

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