MarketWatch and Ruth Mantell

Ruth Mantell: MarketWatch consensus See economic calendar date report Consensus previous April 22 Existing home sales 4.55 mln 4.60 mln April 23 New home sales 450,000 440,000 April 24 Durable goods orders 1.8% 2.2% April 25 UMich consumer sentiment 82.6 82.6 /conga/economy-politics/calendars/preview widget.html 304453 By Ruth Mantell , MarketWatch , according to Market Watch. As prices and rates climb, theres less opportunity for investors to make a real return on property, and so they buy fewer homes , especially as the number of ultra-cheap foreclosures thins out. For example, Blackstone Groups Invitation Homes unit, which Bloomberg estimates is the countrys largest single-family rental business, has dramatically slowed down the pace of its property purchases since July. By Ruth Mantell , MarketWatch Although dropping affordability hits all buyers, its worth focusing on how it impacts two key chunks of the housing market: institutional investors and first-time home buyers. (news.financializer.com). As reported in the news.