[quote=flu]So again, I ask… If the economic situation is so bad globally, where are we getting buyers who can put up over $1million+, without much of a blink….
(no I’m not one of them)….
I mean if feels like some of these folks throw this kinda of amount around like it’s $100k or $10k…
We’re not talking LJ, or Del Mar or RSF or Del Mar Mesa or some custom home…It’s CarmelV for sake….It’s a frickin stucco box, albeit might be slightly nicer stucco box….[/quote]
Of the 10 sectors tracked by EPFR Global, seven of them saw continued inflows this past week. But none saw more money flowing in than real estate. Year-to-date flows into real estate mutual funds and ETFs came in around $4 billion. The next closest sector in terms of flow was financials, with around $1.8 billion year to date.
The real estate sector is currently benefiting from a number of tailwinds that include the general search for higher yield (REITs pay dividends) and lower volatility, better data emerging from key markets and the U.S. Federal Reserve’s continued focus on the mortgage and housing markets, EPFR Global said in a press release on Friday.
