Dreary Housing Market In Europe Reflects In ETFs
August 04, 2008 at 09:00 AM EDT
In Ireland, the investors have packed up and are nowhere to be seen, as the credit crunch has halted the housing market, leaving real estate exchange traded funds (ETFs) at a standstill. The Belfast region of Ireland is especially hurting from the recent credit crunch, and the economic growth rate has slowed to an estimated 1%. [...]