Saturday, December 24, 2005

Wealthy Americans - See No Housing Bubble

In a news release from Market Watch dated December 23, 2005 it stated "Wealthy Americans don't appear to be too concerned over the state of the housing market. Nearly two-thirds of those with incomes over $150,000.00 and investable assets of $500,000.00 or more say they expect the value of their primary home to increase by double digits over the next five years and nearly one-third think the increase will be 20% or more according to a survey this week from PNC Financial Service Group."

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