For all the bright ideas out of Washington, for all the well-meaning home buying initiatives, there remains the one key solution for repairing the real estate economy: the investor.
Colin Wiel just can’t avoid the bubble. The head of a software startup in the middle of the dot-com craze of the late ’90s, Wiel sold off the company as the market crashed. His next foray took him into real estate.
It’s before dusk on a sunny afternoon in Phoenix, and Kris Anderson, a real estate agent for RE/MAX Excalibur, is packed in a bus with Canadian investors, touring local properties for potential investment deals.
The American Securitization Forum returned to Las Vegas for its annual conference and attendance was up. For 5,000 participants, the overriding sense was that the market was getting back to business as best it could.
