Friday, December 30, 2011

The Bulls and Bears weigh in on residential real estate.........

Some bulls:

Hedge funds run by Caxton Associates LP, SAC Capital Advisors LP, Avenue Capital and Blackstone Group LP have been buying housing-related investments, betting on a rebound. And formerly bearish research firm Zelman & Associates now predicts a housing pickup, as does Goldman Sachs Group Inc.

A bear:

"The smartest money in the world has been carried out on stretchers betting on a true recovery for housing," says Mark Hanson

The above quotes were channeled by the Calculated Risk blog
from a WSJ article.   Faithful readers will remember that we
believe the market recovery for new construction of single family
housing is still a year away.  We are heartened, however, by
this chart from CR.   This is good news!

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