This seems plausible and as large investors (hedge funds), like to move into asset classes that offer better returns and all assets have their cycles. The may choose to get out of California sooner as we’re doing a much better job on recovering and going past previous prices.
From DS News
A majority of experts surveyed by Zillow and Pulsenomics expect large-scale investors will pull out of the housing market in the next few years—and that hopefully means a smoother field for consumer buyers. “Buyers entering the market in the next few months will not be competing with cash-rich investors like they were last year," said Zillow chief economist Dr. Stan Humphries. »READ MORE
SUNIL SETHI REAL ESTATE
Sunil Sethi / Broker, President, REALTOR, MBA, CPA (inactive)
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
Cell 510 388 2436 / Fax 877 437 9877 firstname.lastname@example.org
CA DRE#: 01173766
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