Investors hitting the brakes on house buys

Sign Up for the undefined Newsletter

People aren’t buying houses and condos as an investment like they used to, especially in some of the nation’s one-hottest markets. Las Vegas, Miami, Phoenix, San Diego, D.C. all have seen drop-offs recently in investors competing to buy properties, according to real estate brokers and analysts. Could it spread to New York? Has it already? more [WSJ]