16 April 2010, 6:16 pm
- Robert Larsen April 16, 2010
After making a killing by accurately predicting the real estate 
collapse, Bill Gross, Money Manager at Pimco, now sees real estate an investment opportunity.
According to CNBC.com, Bill Gross told the TV channel this morning,
Both commercial and residential real estate are reaching a bottoming point and possibly even prepared to turn higher, said Gross, CIO of Pacific Investment Management Co., or PIMCO, the world’s largest bond fund. With stocks likely to return 5 to 6 percent and bonds 3 to 4 percent, he said, investors would be wise to start looking at real estate opportunities. “Ultimately the riskier assets will be the less the risky assets,” he said. “I wouldn’t suggest moving into those particular sectors at the moment but ultimately risk and reward go together.” Lower debt and better lending rates will make real estate attractive, he added.
15 April 2010, 12:27 pm
- Robert Larsen 4/12/2010
Real Estate Outlook: Pending Sales Up
- Mark Simon of Emery Financial Incorporated
Signs of recovery in the housing market and national economy keep popping up – and are even beginning to surprise veteran analysts on Wall Street and elsewhere.
Though economists had expected at the latest pending homes sale to be down – after all, February saw the worst weather in decades in large parts of the U.S. – the numbers actually took a big bounce.
The National Association of Realtors reported that pending home sales jumped 8.2 percent for the month and 17 percent higher than they were at the same time last year.
With the April 30 deadline for sales contracts to qualify for the two housing credits, analysts expect home sales activity to remain high. Lawrence Yun, cheif economist for the National Association of Realtors, says he thinks we may be in “the early stages of a second surge” of real estate transactions that could continue into mid-year.
But let’s be clear: Home sales are not only being pushed by tax credits. Far stronger impetus is coming from steadily improving conditions in the national economy and rising consumer perceptions that finally things are getting better.
collapse, Bill Gross, Money Manager at Pimco, now sees real estate an investment opportunity.
