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Investors with deep pockets drive up housing costs

Investors with deep pockets push up housing expenditures – CBS News

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Many American families looking to buy a home are being outbid by investors with deep pockets. The latest Home Price Index Report shows that house prices have increased at a yearly pace of more than 13 percent. Karan Kaul, a senior research associate for the Urban Institute’s Housing Policy Finance Center, joined CBSN’s Lana Zak to discuss.

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