Investment in real estate is plunging following news of the country’s weak housing market and fallout from the collapse of the subprime lending industry. Many investors are rushing to sell off shares in REITs, and new investments into mutual funds that own real estate have nosedived. Experts caution that real estate is still a sound long-term investment despite recent woes in the housing market. more [WSJ]
Real estate still a sound investment?
April 10, 2007 12:00AM
