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The Millionaire down the Street Was Right, But Now What's in Store for Real Estate?
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******************************** The Millionaire down the Street Was Right, But Now What's in Store for Real Estate? http://knowledge.wharton.upenn.edu/index.cfm?fa=viewfeature&id=1498 In recent years, when interest rates in the U.S. were low, hordes of homeowners and investors in real estate grew wealthier as they watched their home values increase or their investment properties sell for multiples of their purchase price. But now, with interest rates rising, the run-up in real estate may be ending. What will happen next? Experts from Wharton and elsewhere debated this question at a conference on innovation and risk in real estate markets, organized by the Wharton Financial Institutions Center and Mercer Oliver Wyman.
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