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...

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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

The real-estate bubble wont burst until interest rates rise another 4-5%.

That being said, its a good time to start buying up property like mad, especially the undeveloped ocean side plots in Florida, we picked up a couple of plots a few months ago and have already received offers of more than double what we paid for them :)

Regards,

Lee