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