The Real Deal Miami

Government looks abroad for buyers — but may find few takers

February 16, 2010 03:27PM

With the Federal Reserve’s March deadline to stop purchasing mortgage-backed securities looming large, senior officials in the Obama administration are turning to international buyers to keep the housing market afloat, according to the Washington Post. But this approach might come up short, some analysts say, with many foreign investors still feeling the burn of the last market downturn. While R.P. Eddy, CEO of global consulting group Ergo, said that many “sovereign wealth funds have a vested interest in seeing the U.S. stabilize,” he added that few “wealth fund[s will be] coming in to save the day.”