Firms are buying up foreclosed homes and renting them out, hoping to profit from the appreciation. Individuals can do better, if they can buy a foreclosure that justifies itself in rent alone. Don’t look now, but some of the real estate markets that skyrocketed during the housing bubble and then crashed are heating up again.
Median housing prices in Las Vegas were up 20 percent in 2012, according to the National Association of Realtors (NAR). Cape Coral, Fla., once the nation’s foreclosure capital, saw 26 percent price appreciation last year………………………………………..Full Article: Source