Home sales improved significantly during the first half of this year, but with home ownership still hovering near 15-year lows, where is all the supply going? The answer is simple: real estate investors. Sales of distressed properties are hot right now, largely due to a dwindling supply of homes for rent. Rental vacancies in fact fell to their lowest rate since 2001. The rental market his hot and getting hotter, and investors are rushing to cash in.
Home sales improved significantly during the first half of this year, but with home ownership...
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