Big Funds Moving Into Housing

by ritasimpson on January 4, 2012

in How's The Market

“We believe housing is at a turning point, not just because of affordability and improving demographics,” says Darren Richman, a senior managing director at GSO. “The inventory picture has cleared meaningfully. It’s more in balance than it’s been in a long time.”

Behind the investor optimism: Pent-up housing demand, say industry observers. Record-low mortgage rates and improving home affordability will spur ¬†Housing in the next year or two.¬†”Given income and population growth, the longer-term outlook is more optimistic,” Goldman said in its recent report, while noting still-high delinquency rates. “Affordability is at record highs, at least for those who can get financing.”

We are already starting to feel this in the Malibu Real Estate Market with a very heightened increase in activity in the lower price ranges. As the market solidifies and loans become a little more accessible we expect this activity will cross over to the mid ranges of $2-4 million homes which have been the most stagnant in the past year.

 

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