If you thought that the idea of real estate being a great investment was a thing of the past, think again. The fact that the home prices are so low and rent has not dropped to match, investors are beginning to come back. Another interesting change is that there is an increase of buyers paying with cash.
The share of home sales involving all-cash transactions was 26 percent in January, up from 18 percent a year earlier, according to the National Association of Realtors. The reason for investors paying cash is largely due to the fact that they can avoid paying interest charges on loans and get a larger return on their investment.
National Association of Realtors data shows a pickup in investment activity. Home purchases made by investors climbed to 17…
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