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For the second straight year, real estate stocks ended the year with gains twice as high as the general stock market, The Wall Street Journal reported. According to Dow Jones, REITs were up 27 percent as of Dec. 28. And while that figure is down slightly
Five years into a housing meltdown, questions are coming up about how long some publicly held home builders can survive without significant improvement in the market.
For the second straight year, real-estate stocks will end the year with gains twice as high as the general stock market, The Wall Street Journal reported.
A private-equity fund that generated big profits by buying up empty data centers after the technology-stock bust in 2000 is now gambling on foreclosed homes.
The housing industry gave mixed reviews to the Obama administration's proposal to sell tens of thousands of foreclosed properties owned by government-backed entities and then convert them to rentals, reported the Wall Street Journal.
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