23.04.2013 - Home prices up 12 pct as investors bet on real estate
Prices of existing homes in the US rose 12 percent in March from the same month last year, as the real estate market continues to bounce back, providing much-needed help to the nationís economy. A key factor in housingís recovery is strong demand from major corporate investors, who see profit in the combination of still-depressed real estate prices, near-record-low interest rates, and strong demand for rental housing...............................................Full Article: Source
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