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Real Estate


Tom Kelly
Tom Kelly
The Real Estate Adviser
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December 26, 2003

An 'unbelievable' year for mortgage industry

  • How big was it? For car makers to ramp up production like the mortgage industry has they would have to go from 16 million vehicles a year to 60 million.
    • By TOM KELLY
    The Real Estate Adviser

    Housing -- and the funds related to it -- again remained one of the few bright lights during a rather dim economic year.

    In fact, mortgage interest rates, which did not rise to the levels predicted by many analysts, clearly emerged as the top story on the 2003 real estate landscape. Rates continued to be a fallback lifesaver while helping consumers see that property could be a viable, reliable alternative to the conventional financial markets.


     
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