A housing market that is in freefall is putting pressure on investors.
A number of investors have already reported that they have stopped investing, according to The Wall Street Journal.
This week, the Journal reported that more than 80 percent of investors are either planning to sell their homes or are reconsidering.
The market has lost more than 1 million homes in the past five months.
“It is really hurting the market,” said Robert E. Hall, an analyst at the investment research firm BMO Capital Markets.
Investors are looking to the next generation of investors who might not be in the same position as they are, Hall said.
Some investors who have been on the market for decades have had trouble paying their bills.
Many of them have stopped paying their mortgages or have put their houses on the auction block.
For investors who are in the middle of their retirement years, it is an uncomfortable situation to say the least, Hall added.
They’re thinking, I don’t want to live in a house I’ve built up over the years,” Hall said, “so I’m probably going to get rid of it.