Millennials Say Thanks, Fed! Cheap Money Means Rising Home Prices And Vanishing Affordability

On the heels of December’s existing home sales report, Bleakley Advisory Group chief investment officer Peter Boockvar noted that investors made up 17% of purchases, up from November’s 16% share and 13% a year ago. “Investors continue to lift the pace of their buying as they search for yield,” Boockvar said. “Thank you Fed for pricing out natural buyers and especially young, first-time buyers.”