The cost of rent is on the rise according to Stan Humpries, an economist for the real estate website Zillow, also stating that pricing is expected to rise by 4% this year and in 2012. “At some point, lower home prices and higher rents will attract more home buyers,” Humphries says. This is good news for real estate investors looking to take advantage of the market conditions and make a profit. "Already, investors are snapping up homes and converting them into rentals. In August, investors accounted for 22% of existing home sale activity, the NAR says. Cash buyers, who are most often investors, accounted for 29% of sales."
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