John Burns is a local favorite, and he and his team are known to be one of the best, and most accurate, real estate consulting firms in the business.
His latest article at businessinsider.com on the impact of investors:
During the downturn and early stages of recovery, we were huge proponents of investors taking advantage of overcorrected home prices to make great investments while also helping the housing market recover. Mission accomplished.
We are now concerned that investor momentum has swung too far in the other direction.