Hey, remember the late 1990s when everyone was joining investment clubs so that they could get in on the stock market craze? And then remember how the stock market bubble burst? Well guess what? It seems that the new trend in investment club is purchasing real estate. Hmmm.
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In related news:
Sales of existing U.S. homes surged 4.5 percent in April to a record high, and home prices posted the biggest annual gain in almost a quarter century, a trade group said on Tuesday.:...The national median home price rose 15.1 percent to $206,000 from the same month a year ago, the NAR report showed. That price increase was the biggest since November 1980, when prices rose 15.6 percent, NAR said.
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