06.01.2012 - Funds investing in commercial real estate have good year |
Real estate had an excellent year last year. Assuming, of course, your mutual fund owned it. In an otherwise awful year, real estate funds gained an average 7.6%, vs. a 2.9% loss for the average stock mutual fund, according to Lipper. This may seem puzzling to homeowners: The Federal Reserve estimates that homeowners have watched $7 trillion evaporate since the housing bubble burst in 2006...............................................Full Article: Source |