As prices paid for the average single-family property hit record highs, big investors are taking a pass.
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Assumable loans allow home sellers to transfer the more attractive rate they secured in the past to buyers. Wall Street Journal reporter Ben Eisen joins host J.R. Whalen to explain how they work, as well as the pros and cons. Illustration: Alexandra Citrin-Safadi; Photo: Mario Tama/Getty Images The pandemic-era flood of Wall Street cash into family houses is drying up. Regular home buyers might welcome a bit less competition, but not the signs that they are overpaying.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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