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‘I’m An Aggressive Buyer’ Of Income Real Estate, Billionaire Says, Anticipating ‘A Lot’ Of Inventory This Year
If you own a home or have been interested in buying one, you are aware of the sizeable U.S. residential real estate downturn. Sales numbers are dropping to their lowest rates since 2020, but interest rates continue to rise to around 5.6%. This scenario doesn’t mean investors should look to another option viewed as less volatile. Take real estate investment trusts (REITs), for example. REITs are not just a platform for investing in residential real estate, offering properties such as retail spaces, large malls, hotels, apartment buildings, office space and hospitals. And though home prices continue to be high, other real estate categories are not as overvalued, potentially shielding investors…
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Housing industry getting hit by ‘perfect storm,’ billionaire real estate developer warns
Billionaire real estate developer Jay Bloom says the housing ‘boom’ is caused by supply chain interruptions, low-interest rates and ‘foreclosure moratorium’ due to the pandemic. Billionaire real estate developer Jay Bloom warned consumers Thursday the housing industry is getting hit by the “perfect storm.” “We’re in the middle of a real estate boom like we haven’t seen in the past,” Bloom told “Cavuto: Coast to Coast.” He said several different factors impact homebuilding in the red-hot housing market – from supply chain interruptions to low-interest rates and the “foreclosure moratorium” during the pandemic. US RENT PRICES REACH RECORD HIGHS AS BUYERS PUSHED OUT OF MARKET “A $12 piece of lumber…
