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Every sunday night al Jazeera America presents gripping films from the worlds top documentary directors. This is just the beginning of something much bigger. Thank god i didnt have to suffer what he had to go through. This sunday, the premiere of into eternity. I am now in this place where you should never come. How do you contain 100,000 years of Nuclear Danger . It is an invisible danger. Al Jazeera America presents into eternity. Premieres sunday night 9 eastern. I want to continue the conversation on housing for a minute, its such an important part of the economy. There is a huge change going on in many neighborhoods across the country. It might even be inous. Big investors are buying up foreclosed homes in distressed communities as far as they can. Then theyre turning them into rental homes. Its creating a buy to rent industry. Some locals say the big Financial Firms have bought so many homes its driving up prices. To check that out we traveled to georgia just outside of atlanta. That area has the second largest number of homes bought by investors outside of tucson, arizona. This is like an auction that is like a feeding frenzy. [ auctioneer ] meteorologist the first tuesday of every month this is the scene on the courthouse in gentleman. Hundreds of dispressed Properties Sold in the blink of an eye. Well, its very exciting, somewhat like herding cats. Reporter its bryces first time at the auction. He and his wife are hoping to buy a home on the cheap, but he wasnt expecting the chaos. How do you find out who is difference . I see several different locations. Reporter or the big investors who are driving up competition and the vail price of the foreclosed homes. I go g from 500 incremented. They go up 5,000, so im trying to get it to 150,000, and theyre 150 to 160, 170. You just look at it and say that house is not worth it. Reporter its a phenomena happening nationwide. Big investors going into distressed communities and buying homes binges have repossessed. Not one institution owns 1,000 family Single Family rental homes. Reporter now institutions only 80,000 homes across the united states, and Morgan Stanley predicts the buy to own will balloon from 17 billion to 100 billion. Were here to capture as Many Properties for our clients as possible. Reporter shes buying properties for some of the wall street landed. Hedge funds across the country are realizing that our market is going from what they refer to as an owner nation to a renter nation. The rental markets is huge. Reporter even though the Housing Market is improving, a new Morgan Stanley report shows that homeowners who have defaulted on their mortgage will have no choice but to rent and moving the country to a rentallership society. The Institutional Investor presence is led by three large groups that appear to have pulled away from the pack. First is black stones invitation homes. Second, American Homes for rental, which recently ipod, and third, colony American Homes. Reporter big investors are pooling some of these homes into Real Estate Investment trusts or reits. Theyre investing in real estate and said on the stock exchange. Invitation homes is the largest firm in the gain owning 30,000 homes across the united states. Black stone in atlanta has purchased over 8,000 houses. Reporter local broker david hunt said the Institutional Investors are changing the Housing Market. In one month we auctioned off our advertised for foreign closer 1,089 houses. Whats being created, the hedge funds are taking those off the market. Theyre not available for anybody to buy. So were coming up with a shortage of housing. Reporter local realtor greg martin agrees. Here for example 21 active homes for sale. That is about onethird of the inventory that we had in 2008. Not down onethird. We have onethird of the homes to sale today that we had before the market down turn. Reporter but analysts say thats a good thing for now. I think that the overall feeling is that the low inventory has been a good thing because it really put a floor under home prices. Reporter but Going Forward some analysts question how long Institutional Investors might stay in the rental market. Because historical Single Family yields are quite lower than they are today, and quite lower than history yields in other commercial Real Estate Asset classes. Reporter and worries the communities theyre buying in. At some point in time they will have to sale. Thats a fact. How long theyll hold it, i dont know. Reporter black stone which declined to comment said that theyre committed to investing in the communities where theyre buying. I think its were making a bet on america. Were betting that housing prices are beginning to recover. Ive talked to some of our clients who are these Institutional Investors. They generally tell me theyre planning for a longterm hold. Reporter big investors may be buying up the foreclosed house right now, but its not deterring some locals like bryce. Well come back next month and bring our guns in. Were the little fish in the big pond, you have to bite the shark in the ass. Make no mistake, georgia is full of investor interest. Reality tracks say the state tops of list of big investment purchased. They count for 23 of all residential sales in june. Nevada second, and arizona with 15 , and oklahoma at 13 . If you want to find out how many homes big investors own in your community, log on to our website. Weve got the full report there. Www. America. Aljazeera. Com real money. For more of what is going on with the housing recovery i want to take to you polk county, florida. Building permits there fell by 90 . This was a really hardhit area. Today its a different story. Home sales in june were up 25 from a year earlier. Now ive been telling you these things on a higher level. I want to go right to the ground now for more on the situation in polk county. We go to james wilson. He built Single Family homes in lakeland, florida. Right now he has got 22 homes under construction. Hes renting another 60 homes that his company built. James joins us now on the phone from one of his properties thats actually under contract. James, are you with us . Thank you for joining us. Yes i am. Reporter im getting bad weather across the country. We want to see you on camera. We know that youve got a storm where you are so we have to talk to you on phone. Ive been describing to my viewers whats happening in the Housing Market, the fact that it has been strengthening for so long. Youre in a place that was so hard hit during the recession, tell me as a home builder what youve seen happen in the last year. In the last year weve seen prices increase from 85 a foot to 100 to 110. Weve had Real Estate Investors come in, and its changed the market up some for us, and weve been picking up quite a bit of home buyers in the last six months. Reporter now are most of your buyers people who are taking the mortgage to buy a house and live in it, or are these investors that i was just talking about. Weve had them both. Right now we seem to have more people looking to buy it than to toand live in it. Weve seen a strong market, no question in new homes. Weve just seen the report in july that shows a fairly good drop off in june. We dont know if thats from Interest Rates or access to loans. Have you seen that or is business still moving ahead at the same base for you. In polk county we see that annually. We come across a month or two where we run into slow sales and then it kicks in august, september and october. So you cant tell whether a slowdown is because of something going on in the economy or its just the normal slowdown that you would see in summer . I think its the normal. I build specks, and right now we stand steady, i get calls continuously asking what ive got out on the market. Usually its individual home buyers again, and i could wait six, seven eight months before i put up a contract on a home that i built as a speck. Now usually within 90 days after completion weve got a contract. Thats definitely a trend weve been seeing. One last question, james, one of the things ive been trying to explain to my audience is the jobs created from new home building. I know you only employ one other person in your company, but when you have to build homes you are employing other contractors. Thats correct. We probably employ 60 people direct through construction. And theyre struggling to find help right now. Thats been one of our hardest problems in our cost, and the hard cost of our materials is steady on the rise, and the subs are struggling to find help. James, good to talk to you. Hopefully well see your face one of these days. Join us on tv, james wilson in lakeland, florida. All right, lights, camera, action. Get ready for a movie about guns, women, and mutual funds. Yeah, mutual funds. Well tell but a creative way two consultants are trying to connect young investors and my name is ranjani chakraborty, im from houston, texas, and im an associate producer for america tonight. I grew up in a very large, loud indian family. They very much taught me how to have a voice, and from a very young age i loved writing, and i love being able to tell other people stories. The way to do Good Journalism is to really do your research, to know your story, to get the facts right, and to get to know the people involved in your story. America tonight and al Jazeera America, its a Perfect Place for that to happen. [[voiceover]] no doubt about it, innovation changes our lives. c] from the worlds top documentary directors. This is just the beginning of something much bigger. Thank god i didnt have to suffer what he had to go through. This sunday, the premiere of into eternity. I am now in this place where you should never come. How do you contain 100,000 years of Nuclear Danger . It is an invisible danger. Al Jazeera America presents into eternity. Premieres sunday night 9 eastern. Theres more to Financial News than the ups and downs of the dow. For instance, can fracking change what you pay for water each month . Have you thought about how Climate Change can affect your grocery bill . Can Rare Minerals in china affect your cell phone bill . Or how a hospital in texas could drive up your healthcare premium . Ill make the connections from the news to your money real. [ music ] hello, and a very warm welcome to the news hour. Were at al jazeeras headquarters in doha. The top u. N. Official is in syria to push for an investigation into an alleged chemical weapons massacre as the white house discusses options. Bo xilai admits he made mistakes. The latest from the trial of the chinese politician accused of corruption. We