Even though home prices are not increasing as rapidly as they have been, housing is still a good investment according to Blackstone (BX) CEO Steve Schwarzman. Per CNBC

"It's been coming back for quite some time," Schwarzman told CNBC from the Milken Institute conference in Los Angeles.

"The market continues to go up for the value of houses," Schwarzman said.

However, a recent Gallup report shows that Americans might not be as optimistic.

Currently, 69% of Americans say it is a good time to buy a house, down from an average 74% during the prior two years.

However, this level is similar to what Gallup measured from 2009-2012. Americans are still more positive about buying a house now than they were between 2006, when home values stopped rising and interest rates increased, and 2008, after the housing bubble. 

Most Popular Articles

Regulators drop the hammer on Wells Fargo execs at the center of fake account scandal

Wells Fargo indicated just over a week ago that the fallout from its fake account scandal was far from over, disclosing that it has at least $3.1 billion set aside for expected litigation payouts. But that is at the company level. Meanwhile, the fallout for the executives who failed to prevent the fake account scandal looks to be far from over as well.

Jan 23, 2020 By

Latest Articles

RealPage continues growing, set to acquire Modern Message

Real estate tech company RealPage announced recently that it will be acquiring multifamily real estate engagement solution Modern Message.

Jan 24, 2020 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please