1 Minute Housing Report - Bullish on Real Estate

1 Minute Housing Report from Brian Jones

Although home prices have fallen, interest rates are on the rise and that can have a huge impact on your cost. The monthly mortgage payment you can negotiate today may be the lowest it will ever be in your lifetime.

John Paulson, a multibillionaire hedge fund operator and the investment genius who made a killing betting against housing a few years ago, is now bullish on residential real estate market. He recently said:

"If you don't own a home, buy one. If you own one home, buy another one. If you own two homes, buy a third. And, lend your relatives the money to buy a home."

Stan Humphries, chief economist of Zillow, explains that Paulson is talking about COST NOT PRICE.

Paulson is not just betting on house prices, but also on the ability to lock in low financing now with the expectation that it will be easier to pay it back in the future because of inflation.