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mb · 06-30-2005, 08:28 PM

It's getting more and more ridiculous... good thing I'm not planning to move to San Diego until NEXT YEAR...

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The latest numbers "are proof positive that speculation is infecting an increasing number of markets across the country," says Mark Zandi, chief economist of Economy.com, an economic-forecasting firm in West Chester, Pa. The investor share "is the most fragile source of demand" in the housing market, he adds. "It has juiced things up and can quickly evaporate once conditions or psychology shifts."

http://www.realestatejournal.com/buy...630-simon.html

06-30-2005, 08:28 PM
mb Confirmed User Join Date: May 2001 Location: San Diego Posts: 1,550	Investors Buy Homes At a Record Pace - can you say "pop"? It's getting more and more ridiculous... good thing I'm not planning to move to San Diego until NEXT YEAR... -- The latest numbers "are proof positive that speculation is infecting an increasing number of markets across the country," says Mark Zandi, chief economist of Economy.com, an economic-forecasting firm in West Chester, Pa. The investor share "is the most fragile source of demand" in the housing market, he adds. "It has juiced things up and can quickly evaporate once conditions or psychology shifts." http://www.realestatejournal.com/buy...630-simon.html