Home sales rising. Is a new wave of home investors forming?

Existing home sales rise in November and are now 34 percent higher than the mid-2010 low. Low prices and interest rates are drawing some new investors to real estate.

By Margaret Price, Correspondent / December 21, 2011

NEW YORK

Investors weary of the wobbly stock market and slim returns from certificates of deposit might take a cue from attorney and business coach LeTonya Moore. She’s investing in real estate.

This summer, she bought a town house in Tampa,Fla., for $37,000 in a foreclosure sale. She’ll live there for one to two years and then rent it while shopping for more properties in the area. Overall, she plans to make three real estate investments a year over the next four years so she can achieve her goal of financial independence.

“Real estate is as good, if not better, a long-term investment than the stock market,” she says.

http://www.csmonitor.com/Business/2011/1221/Home-sales-rising.-Is-a-new-wave-of-home-investors-forming

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