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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: David Jones who wrote (25500)	11/30/2004 1:15:13 AM
From: mishedlo	Read Replies (2) \| Respond to of 306849

Investors Buy Real Estate At Record Pace Wary of Stocks, More Individuals Buy Condos and Rental Property; By RUTH SIMON Staff Reporter of THE WALL STREET JOURNAL November 30, 2004; Page D1 A growing number of Americans are buying real estate as an investment, driven by the combination of low interest rates, rising property values and tepid stock-market returns. Investors accounted for 8% of mortgages used to purchase homes in the first eight months of this year, up from 7.5% in 2003 and 5.7% in 2000, according to an analysis prepared for The Wall Street Journal by LoanPerformance, a San Francisco-based firm that tracks the performance of 46 million mortgages monthly. It's the largest investor share since at least 1986, according to the firm. The number of mortgages used to buy investment property may actually be higher since those figures don't include loans taken out to buy second homes that are used by the owner but may also provide rental income. online.wsj.com