The US housing market is a vast place that allows easy transactions compared to other places around the world. Fleeing individuals find it a option to park money.
This is another reason why gen x, y, z, are competing against such buyers and find it difficult to locate homes at a affordable price.
I have a suspicion that many of these hedge fund owned properties will get sold to the government for even higher prices as housing for illegals.
This is the primary reason. Homes are still being snapped up for cash. The data adds up to our crony government corporation and banking partnering to ensure we have nothing.