Wednesday, July 7, 2010

Off the real estate grapevine

While foreclosure rates are far from flagging, those homes don't appear to be staying on the market for very long.

Word on the street is that investors are starting to buy up what homes they can — as fast as they can — and turn them into rental units while they wait for the prices of homes to rebound.

And, according to this recent Record report, that rebound is slowly starting to happen.

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