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Real estate investing has earned widespread acceptance. In
Arizona alone, of the more than 120,000 new and used homes
to change hands across Greater Phoenix in 2003, real estate
analysts estimate that as many as 40 percent of those houses
were purchased as second homes or investments. Last year,
about 15 percent of all U.S. home buyers were either purchasing
a second home, already owned a second home, or were buying
a new primary residence and keeping their existing property
as a second home, according to the National Association of
Realtors. |
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