House prices continue to fall nationwide, but here and there they’ve begun to turn up as Americans return to the housing market. Which 10 metropolitan areas have seen the biggest increase in the past year? The winners, according to the National Association of Realtors (NAR), include a state capital, a furniture-making center, and a resort that was once America’s foreclosure capital. Can you guess who they are?
Firms are buying up foreclosed homes and renting them out, hoping to profit from the appreciation. Individuals can do better, if they can buy a foreclosure that justifies itself in rent alone.
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