Housing market attracting bargain-hunters

With housing prices in many U.S. cities at multi-year lows, and with economic fundamentals picking up and interest rates still favorable, more investors are looking to put their cash to work by investing in second or even a third home.

Advisers warn, however, that a U.S. real estate recovery could be years off but see plenty of deals for people with long-term investment horizons.

“We’re starting to get a lot more inquiries and assisting in transactions,” said Rocco Papandrea, a senior vice-president and wealth management adviser at Merrill Lynch in New York.

Click HERE For More Information | Reuters



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