Investors look in new places to buy homes, convert into rentals

January 22, 2013

Rocketing real estate prices have motivated investors to move into new markets, snatch up homes and turn them into rentals, USA Today has reported.

According to USA Today, investors are focusing less on some sizzling markets while scurrying to purchase homes in places where prices are skyrocketing.

While investor enthusiasm is waning in Phoenix and possibly approaching its apex in parts of California, interest is surging in parts of the South, the article says.

Tagged: In the news Investment

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