Industry News

Investors less bullish on real estate

Survey shows conservative streak

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Over the past 12 months, there has been a sharp drop in the percentage of investors across all age groups who plan to purchase real estate within three to five years, according to an annual survey released today by the MainStay Investments division of New York Life Investment Management LLC. The MainStay Across Generations Survey was conducted by an online research firm during the spring of 2005. The survey polled 1,537 individuals 26 to 82 on their investment attitudes, behaviors, objectives and priorities. Respondents were U.S. residents with a total net worth of at least $100,000. "GenXers" are defined as people 26-40, "Boomers" are defined as 41-59 and "Matures" as age 60-82. New York Life Investment Management LLC and its affiliates provide a range of investment services to institutional, individual, corporate, public, and Taft-Hartley clients, including institutional asset management, retail investments, retirement services, guaranteed products, real estate investments, and al...