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Real estate attracts investors amid stock market slump
Investors shift from volatile stocks to property with May existing home sales at 5.75 million annual rate, REIT inflows surge to 2.7 billion since January. Chicago area buyers report rising demand as mortgage rates around 6.5 percent sustain activity. Real estate seen as stability in uncertain markets with first-time and second-home buyers diversifying portfolios.
MENTIONED IN THIS ARTICLE
Chicago
Adam Slone
Slone
Wall Street
National Association of Realtors
Merrill Lynch
Mike Langland
Laster Pranab Ignate Bhan
Langland
California
San Francisco Bay Area
John Repici
Logan Circle
Washington