Home Mortgage Rates 2013
Home mortgage rates Denver and home prices have recently increased, is real estate still a good investment? That is the question that many investors and those looking for home mortgage rates Colorado, clearly wanting to avoid the trap of the last housing bubble.
Jonathan Gray, Blackstone’s global head of real estate thinks it is still a great investment. And he should know, Blackstone owns over 31,000 U.S. homes and is buying more, despite the home mortgage rates Nebraska and home mortgage rates in Omaha
Though many are focused on the recent rise in home mortgage rates Iowa, prices are dramatically below 2006 levels in a number of markets, Gray said. “We think they still represent good value, and the supply-demand picture there looks pretty good. We’ve only been building at about half the rate of obsolescence and population growth in terms of new starts, and that is supporting the value.”
He also stated that the single-family housing market should remain bullish for two to four years. Blackstone Real Estate has $60 billion in total assets under management and $10 billion in capital available for investments. A portion of these assets, valued at over $5 billion, is made up of 31,000 homes in 13 U.S. markets.