Los Angeles, CA (PRWEB) May 25, 2005
Every decade has laid claim to money making opportunities Â junk bonds in the 80s, the dot com boom in the 90s and real estate speculation this decade. On May 24, 2005, ABC News produced a story regarding speculators driving up the already hot real estate market. This is more evident in California where the median price for an existing home has topped $509,230 for the first time Â compared to the national average of $203,800.
ÂUnlike the dot com boom where stock prices were driven by a limited supply of advertising dollars, everyone needs real estate and it is in short supply in the California market,Â stated Dr. Richard M. Krawczyk, bestselling author of "Financial Aerobics: How to Get Your Finances into Shape." ÂIf interest rates stay low, there is no reason for the real estate market to lose momentum anytime in the near future.Â
Dr. Richard warns that if mortgage rates rise, the market may plateau at one point but will not crash.
Audio clips are available at http://www.FinancialFitnessTips.com/media
About Dr. Richard
Richard M. Krawczyk, Ph.D. (pronounced Krawf-check) a/k/a Dr. Richard Â America's Financial Fitness TrainerÂ is the publisher of The FinancialFitnessTips.com Report and is one of the nation's leading experts on personal finance and consumer credit. He is the celebrity personal finance expert for such publications as In Touch Weekly Magazine and E! Online. He is a former investment banker and now runs the consulting firm of Dr. Richard Enterprises, based in Los Angeles, Calif.
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Dr. Richard is available for interviews
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