January 14, 2005

More signs of a housing bubble

According to CBS MarketWatch, "new data show a big jump in the percentage of home sales being made to investors."

"The strong upswing in [investor] share creates the suspicion that something is going on," said David Seiders, chief economist with the National Association of Home Builders. "It's the suddenness that creates the suspicion; demographics don't push things that fast."

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