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RealtyTrac: Houses purchased for investment rise 65%

Posted by Bonnie Martin Designated Broker on Wednesday, July 25th, 2012 at 7:58am. - Homes purchased for investment purposes rose 65% in 2011 as investors looking for a place to park their cash sought out bank-owned properties, according to the latest Foreclosure News Report for RealtyTrac.

Last year, 1.2 million U.S. properties were acquired for investment purposes, up from 749,000 in 2010.

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