Areas of the country that have been struggling throughout the housing recovery, including Phoenix and Las Vegas, have seen a boost in home values thanks to the rental boom, Mortgage Servicing News reported.
As more investors consider selling off the homes they were using as rentals, first-time buyers are likely to benefit from the rise in inventory and help to slow the rapid rise in prices. After home prices were at their lowest levels during the first quarter of 2012, home prices across the country have risen by 35 percent, leaving some unable to afford to purchase a home.
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