Wall Street Buying Up New Homes

[Jack Bobeck]

I know of a Realtor that caters to investors who look to buy New Homes only on Jacksonville's Westside for the Buy and Hold strategy. So its no shock to read this, but it is interesting to note that Wall Street is mostly interested in newer Homes and is working deals with large builders of homes. 

A new further squeeze on homes in the local markets. If the 1st time home buyer cannot find their home to own, they might just be renting it. A new Rental society, what new jobs will come from a rental society? Property Management and associated jobs\businesses could get huge.