More Americans are Investing in Rental Properties

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More Americans are Investing in Rental Properties

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According to a report this week by REALTOR®Mag, Americans are investing more and more in rental properties to accumulate wealth and fund their retirements. First-time real estate investors are snatching up foreclosed homes with low rates and turning them into rentals, often acting as landlord for two to three properties at any given time. Investors bought about 66,780 homes in August, more than any month since the foeclosure crisis began.

The uptick in real estate investment may be a backlash against the uncertainty of the stock market during an economic crisis. Though the housing market has had its share of volatility, U.S. rent rates have soared to $1,086 per month and vacancy rates have dropped to 10-year lows. Read more of the report from the National Association of REALTORS®publication here.

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