Foreign investors eye foreclosed homes 

Foreign investors are planning to move into the residential real estate arena by purchasing tens of thousands of discounted homes across the country. The sovereign fund, which hasn’t been named, is said to have earmarked $29 billion to buy up homes on the West Coast. The Abu Dhabi Investment Authority, which did not respond to requests on the matter, plans to discuss its investments next week, and real estate is a top priority for the fund.