Released: January 03, 2010

Investors foil other home buyers

Source: Dina ElBoghdady, Washington Post (Free Registration)

Investors have reemerged with brute force in the Washington region’s real estate market over the past few months, triggering bidding wars in some neighborhoods teeming with foreclosed properties and hindering traditional home buyers such as Melissa Diggins.

Diggins and her fiance, George Mills, made a dozen offers on houses in Prince William County but lost more than half of them to investors making all-cash offers.

Read Full Article: Investors foil other home buyers