Excerpts from the interview and video are below.
On whether hedge funds are more reliable at playing the housing market than individuals:
“I think hedge funds are more reliable at playing the market – getting in and out. I think what has happened is that people have learned that there is a lot of momentum in home prices. Hedge funds are kind of troubled. They haven’t done well in the last 10 years. This looks like a no-brainer to them, they learn about momentum in the stock market, but that’s the feeble thing – not really working well, but the housing market looks like a great hope for them. And I kind of think they are probably right this time. They will make money if they get out soon enough.”
**CREDIT: FOX BUSINESS NETWORK**