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Monday, 27 June 2016

U.S. housing recovery not as solid as it looks

Landlords limited

Prices are up 4 pct. But cash-rich buy-to-rent investors, not consumers, seem to be behind the uptick. Blackstone is snapping up 666 houses a week. While helpful and done with no taxpayer aid, if investor interest dries up before individuals jump back in, the recovery may falter.

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