BlackRock BLK +0.20% CEO Laurence Fink said Tuesday that the housing market is “structurally more unsound ” than prior to the financial crisis due to its reliance on Fannie Mae FNMA -0.69% and Freddie MacFMCC -1.15% , according to news reports. He did sound a more optimistic note on Homeownership reviving.
Real-estate investor Sam Zell says he expects the Homeownership rate to drop as low as 55% as more people delay marriages.Earlier this month, DoubleLine Capital founder Jeffrey Gundlach took to the podium at a highly watched investment conference to suggest shorting the popular SPDR S&P Homebuilders exchange traded fund XHB +1.89% . He pointed to a concern, cited by others, that would-be young buyers are shunning mortgages .
SOURCE: http://www.marketwatch.com/story/big-investors-are-betting-against-housing-2014-05-22?pagenumber=1
SOURCE: http://www.marketwatch.com/story/big-investors-are-betting-against-housing-2014-05-22?pagenumber=1
