Investment-Home Sales Decline in 2012: Investment-home sales in 2012 were down slightly from the year before but remain elevated, while the median price increased, according to a survey from National Association of Realtors (NAR).
Sales for investment homes fell 2.1 percent to 1.21 million, down from 1.23 million in 2011. Overall, investment sales accounted for 24 percent of sales in 2012, the second highest share since 2005, NAR data revealed.
“Investors have been very active in the market over the past two years, attracted mostly by discounted foreclosures that could be quickly turned into profitable rentals,” said Lawrence Yun, NAR’s chief economist. Learn more ....
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