Major Wall Street investment firms go on home buying sprees amid housing boom

by CHRISTOPHER WHITE Sinclair Broadcast Group

Tue, June 15th 2021, 7:02 PM UTC

FILE - In this March 15, 2021 file photo, a sold sign stands in front of new home under construction in Houston. Mortgage rates remained near historic lows this week, Thursday, June 10. The benchmark 30-year home loan remained below the 3% mark amid continued positive indications of the economy's recovery from the pandemic recession. (AP Photo/David J. Phillip, File)

NEW YORK, NY - NOVEMBER 01: Andrew Ross Sorkin
Editor at Large and Columnist, The New York Times, and Laurence D. Fink, Chairman and C.E.O., BlackRock, Inc. speak onstage during the 2018 New York Times Dealbook on November 1, 2018 in New York City. (Photo by Michael Cohen/Getty Images for The New York Times)

SAN FRANCISCO, CALIFORNIA - JUNE 02: A "for rent" sign is posted in front of an apartment building on June 02, 2021 in San Francisco, California. After San Francisco rental prices plummeted during the pandemic shutdown, prices have surged back to pre-pandemic levels. (Photo by Justin Sullivan/Getty Images)

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FILE - In this March 15, 2021 file photo, a sold sign stands in front of new home under construction in Houston. Mortgage rates remained near historic lows this week, Thursday, June 10. The benchmark 30-year home loan remained below the 3% mark amid continued positive indications of the economy's recovery from the pandemic recession. (AP Photo/David J. Phillip, File)

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