As Market Cools, Fewer Investors May Purchase Investment Homes

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As Market Cools, Fewer Investors
May Purchase Investment Homes

By James R. Hagerty
From The Wall Street Journal Online

The National Association of Realtors predicted that purchases of investment homes will decline this year after surging in recent years.

A survey of home buyers by the trade group found that 28% of all homes purchased in 2005 were for investment rather than for occupancy by the buyers, up from 25% in 2004 -- figures that are far higher than those shown by mortgage-lending data. Such homes are generally bought to serve as rental properties, at least in the short term.

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-- April 07, 2006