Investors see rising profits from rental propertiesDecember 18, 2012 @ 9:13 am
Rental income produced by residential properties rose 12 percent year-over-year in September 2012, CoreLogic reported.
"The rapid growth in rental income is a byproduct of fundamental shifts in the housing market, driven by a large increase in affordable investment properties and rising rents," CoreLogic reported.
This residential investment will contribute to additional economic growth.
"Overall market uncertainty can be reduced further by a reduction in mortgage risk, investment-driven economic recovery, and further clarity on housing policies, leading to more sustainable profits and outcomes for real estate and housing finance," according to CoreLogic.
Rock Star Rages
A rock star lashed out on Twitter after a Seattle restaurant denied him entry
Don O'Neill says we shouldn't be giving standing ovations to a team that didn't make playoffs
Take a look at the records for biggest saltwater fish ever caught in Washington
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.