Could your home be a better investment than you think? Many investment firms, hedge funds and real estate investors think so, and have been gobbling up real estate lately!
“Last week, Gray said Blackstone now owns 2,000 single-family homes. At $300 million, that might be small compared to Blackstone's overall real estate portfolio of about $50 billion. But it's one of the biggest piles of homes ever intentionally put together (banks and Fannie and Freddie are sitting on many more foreclosed homes, but that's a different story) by an institutional investor, and it's likely not the largest portfolio out there these days.”
“Home prices in the second quarter rose from the year-ago period for the first time since 2007, according to a closely watched index, the latest indication the housing market is starting to recover.” – as published in WSJRead Wall Street Journal article here.