TITLE

INVESTMENT BANKING DATABASE: REAL ESTATE

PUB. DATE
March 2004
SOURCE
Investment Dealers' Digest;3/29/2004, Vol. 70 Issue 13, p50
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
This article presents developments related to investment banking in real estate industry in the U.S. The feverish pace of new home mortgage applications could mean that home sales wilt rise further in 2004. The Mortgage Bankers Association's index of mortgage applications for new home purchases has risen 26% year-over-year so far in 2004. As home ownership continues to rise, residential vacancy has been climbing as well, hitting a record vacancy rate of 10% in Q4 2003-the highest vacancy rate 1956. Home ownership in the same quarter rose to a record 68.5% due to a 40-year-record low in interest rates.
ACCESSION #
12660912

 

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