| The housing downturn is creating what looks to be a new wave of real estate investors, who are snapping up homes at distressed sale prices. But this time, instead of flipping homes, they plan on holding them for the long term and renting them out.
This combination of a steady income stream and the potential for future price appreciation looks like a better, more comfortable, bet to many people than investing in stocks or bonds. Record-low interest rates combined with still declining home prices has made homes so affordable that existing-home sales edged up again in November and now stand at 34 percent above the housing market's cyclical low point in mid-2010, the National Association of Realtors (NAR) reported Wednesday...............................................Full Article: Source
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