Friday, March 14, 2014

Institutional purchases of housing is due to the mortgage backed securities.

If a company is invested in those securities it isn't going to allow attrition to bring their investment down. The properties are assets and can be sold when they deem opportunistic. Basically, the institutions own their own investment portfolio. It is sort of like insider trading. If the properties are failing simply buy them rather than allow the market to fall. They'll get their money back while they support their investment.

Published: Friday, 14 Mar 2014 | 9:24 AM ET
By: Alex Crippen
Senior Coordinating Producer

...During an appearance on CNBC's "Squawk Box," (click here) Buffett told 58-year-old host Joe Kernen that he will live to see the Dow at 100,000. "I won't, but you will," the 83-year-old Berkshire Hathaway chairman said....