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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
71% Of Investment Pros See U.s. Housing Woes Likely Continuing
Posted on 10/25/2007 01:23:56 | Link | Post Comment
A new semi-annual survey of investment advisers from Charles Schwab find that 71% of those polled think it's likely that the nation's housing market will continue to soften while 15% think that such a scenario was unlikely. The remaining 14% felt somewhere in between.
Schwab's poll also found that investment pros polled "are less enthusiastic about (real estate investment trusts) REITs and real estate: 25% of those who now invest in REITs plan to invest less or discontinue their investments in the next six months; 17% of those who now invest in real estate express the same sentiments."
The poll got responses from nearly 1,400 independent experts at companies supervising $347 billion in clients' money. The press release of the poll results IS HERE
Housing Bubble and Real Estate Market Tracker from SA for 3/7
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