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.
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