True, it was not front page news in the Wall Street Journal but nevertheless it was positive news found in Section C page 4. "Billionaire hedge-fund manager Edward S. Lampert is placing new bets on the U.S. housing recovery, buying stakes in beaten-up home builders, mortgage lender and a home-improvement retailer."
Yippee! High five, fist bumps and air kisses to all!
Managers of hedge funds pride themselves in seeing the opportunies early and months ahead of the general public. They are the risk takers, but some analysts think the housing market's decline may be nearing an end. Buying housing related stocks is a vote of confidence cast by Mr. Lampert.
It is the goal of every hedge fund manager to buy low and sell high. Lampert obviously sees the opportunity to do this now. If he's buying now how long will it take for his confidence to trickle down to the house hunting public?
Norma Toering & Team RE/MAX Palos Verdes Realty
(310) 493-8333 / Office Phone: (310) 831-0800
South Bay Los Angeles cities I sell real estate and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach.
Find Norma on: Facebook - Twitter - LinkedIn - Email Norma
Palos Verdes Real Estate Blog - Palos Verdes Real Estate Website
Palos Verdes Home Search - More information on Palos Verdes
Boitano Palms - Boitano Palms Video - Boitano Palms
Custom Desert Home Boitano Palms - Palos Verdes Homes Videos
Subscribe via ActiveRain - Subscribe via Email - Start your own blog on activerain!
Palos Verdes Horse Homes Blog - Palos Verdes View Property Blog
Palos Verdes Estates Homes for Sale Market Reports
Comments(6)