According to recent reports by The Times, Blackstone Group has poured close to $740 million into California real estate through January. But, writes the Los Angeles Times, with the sharp recovery in home values, finding deals on properties these days is not easy, said Jon Gray, the global head of real estate for the firm.
Blackstone head of real estate deems L.A. ‘toughest market’
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Why are existing home prices rising when sales are still so low?
Existing home sales fell in today’s report, but home prices are still up year over year, even with higher inventory and higher mortgage rates.