National Association of Realtors(r): Speculative Real Estate is 'Risky Business'

From: U.S. Newswire | Date: March 17, 2005 | Copyright information

WASHINGTON, March 17 /U.S. Newswire/ -- Recent media stories on investment real estate have implied that speculative home buying is widespread, and quote a recent study by the National Association of Realtors(r) on second homes that showed 23 percent of homes sold in 2004 were purchased by investors.

However, if speculative buying is defined as reselling within a short time span, survey data doesn't support that premise. One of the surveys used in the NAR study shows that only 3 perc...

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