92130 homes for sale: Week of July 15, 2013 - Realtor Mortgage Snapshot - 07/15/13 08:54 AM
Real Estate is Still a Good Buy
With the steady increase in mortgage rates and home prices, is real estate still a good investment?  That is the question that many investors and prospective home buyers are asking, clearly wanting to avoid the trap of the last housing bubble.
Jonathan Gray, Blackstone's global head of real estate thinks it is still a great investment.  And he should know, Blackstone owns over 31,000 U.S. homes and is buying more.
Though many are focused on the recent rise in home prices, prices are dramatically below 2006 levels in a number of markets, Gray said. "We … (1 comments)