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Investment home buying jumps 65pct amid foreclosures

Posted on 30 March 2012

Investment home buying really got down to business last year — half of such purchasers picked up distressed properties, 49% paid cash and 41% bought two or more.
Sales of homes intended as investments soared 65% nationwide to 1.23 million while vacation home sales rose 7% to 502,000, according to a report out Thursday. Together, investment and vacation homes now account for their highest share of the real estate market since 2005………………………………………..Full Article: Source


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