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Real Estate/Development

Sep. 13, 2006

Bubble, Schmubble: Investment Trust Deals Seem to Be the Hot Properties

Column by Rick Kennedy-- As interest rates rise and new homes sit empty, those interest-only mortgages that seemed like such a good idea when home values were skyrocketing are now causing a lot of sleepless nights, especially in California.

As interest rates rise and new homes sit empty, those interest-only mortgages that seemed like such a good idea when home values were skyrocketing are now causing a lot of sleepless nights, especially in California.
      But California real estate deals are booming now more than ever, with real estate investment trust acquisitions coming fast and furious and two of the country's premier financial institutions, Merrill Lynch and Wachovia, diving...

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