03.04.2012 - US: Market for investment and vacation homes has been booming
Buyers snatched up houses as investment properties and second homes at an especially fast clip last year. The number of homes purchased for investment purposes rose a whopping 65% in 2011, from 749,000 to 1.23 million propertiesówhich was more than one-fourth of all homes sold last year. For the most part, the real estate market isnít pretty, and hasnít been in quite some time. Housing prices have fallen to 2003 levels, and recent signs indicate itís unlikely that a full recovery will arrive before 2015...............................................Full Article: Source
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