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US second home market surges as people snap up bargain prices

Posted on 12 October 2012

There has been a huge surge in the sale of second homes in the United States driven by bargain prices, it is suggested. Sales activity in this sector of the residential real estate market has jumped to its highest level said 2005, according to the National Association of Realtors.
‘During the past year investors have been swooping into the market to take advantage of bargain home prices. Rising rental income easily beat cash sitting in banks as an added inducement,’ said NAR chief economist Lawrence Yun………………………………………..Full Article: Source

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