Posted on April 19th, 2009 in
Mortgage Rates
Road to recovery: Flippers are out, investors in as foreclosures … San Jose Business Journal (subscription), CA
Because mortgage rates are so low and homes are selling for half what they were at the height of the boom, investors are eager to buy as many homes as they can, she said. It's not surprising, she noted — prices are so low that rents exceed the mortgage …
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