For 2011, investment purchases increased significantly, according to data from the National Association of Realtors (NAR), and with more individual investors absorbing REO properties, the organization also thinks it is time to limit bulk REO sales to large institutions.
Investment-home sales increased 64.5 percent to 1.23 million compared to 749,000 in 2010, according to NAR’s 2012 Investment and Vacation Home Buyers Survey, which covers existing- and new-home transactions in 2011.
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