We’re nowhere near boom-time numbers, but real estate investors are responding to rock-bottom prices and plunging into their local markets at more than double the rate they did barely seven months ago.
That’s the finding of a new study based on interviews with a nationally-representative sample of more than one thousand property buyers.
The quarterly “homeownership survey” by realty information firm Move.dot.com found that one of every eight buyers last month was an investor – someone looking to acquire property at a favorable price, planning to fix it up, rent it out or resell later for a profit.
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