30.03.2012 - Investment home buying jumps 65pct amid foreclosures
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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