New Jersey Real Estate Investors are not scared off by any kind of talk of a "Bursting Bubble"
A recent survey prepared by the National Association of Realtors has determined that over 23% of all homes purchased last year were acquired as investment properties.
Many of the newer real estate investors involved in this survey, got into the market after witnessing their stock portfolios stall and wither, while at the same time, their homes were appreciating in value like never before and their home equity was soaring.
Both East Coast and West Coast Investors continue to buy up properties at an unprecedented pace and continue to ignore warnings issued by economists, analysts and even Alan Greenspan, of an overheated real estate market and pending slow down. Vacancy rates remain higher than normal in some areas, but builders and developers continue development at an all time record with new homes, as in New Jersey, condos and town homes selling (and the property appreciating) like never before in history.
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