I co-hosted Bloomberg Surveillance on Tuesday. Here is a clip of the five minutes we spent on housing, covering:
- California housing
- Investor activity
- BRIC millionaires parking money in US real estate
- Coastal markets versus inland markets
- Phoenix versus California as the leading indicator
- Young families
Please cut me some slack on the cuss word, as it was 6am in New York and I had just flown in from California.
The highlight of my week in New York was the growing thesis that rates could stay low for some time. It is something I am thinking about a lot, but I am hoping to find five credible bond investors who tell me they are investing as if that will be the case. That will convince me.