Monday, June 20, 2005
Real Estate Speculation Pushing Up Prices -- Associated Press
Real Estate Speculation Pushing Up Prices: "Home builder Marsha Elliott is selling two units in a brand new stucco and stone duplex. But the buyer isn't planning to move in or rent.
Hoping to capitalize on rapidly rising home prices, the buyer intends to sell the units shortly after the July closing, Elliott says. It's part of the speculative activity in the sizzling housing market that is drawing concerns from Federal Reserve Chairman Alan Greenspan and others."
Hoping to capitalize on rapidly rising home prices, the buyer intends to sell the units shortly after the July closing, Elliott says. It's part of the speculative activity in the sizzling housing market that is drawing concerns from Federal Reserve Chairman Alan Greenspan and others."
