🖤 Donations of all sizes power our public service journalism Give Now
Marketplace Scratch Pad

Nearly there!

Paddy Hirsch Apr 29, 2009

Lewis Ranieri says we’re within “shouting distance” of the bottom of the housing market.

Really? Ranieri’s the guy who pioneered securitization: the bundling of credit card debt, home loans, auto loans, you name it, into bonds. He told attendees at the Milken Institute Global Conference today that the slump in housing has created some great buying opportunities, and made it easier for middle class Americans to by a house.

Not everyone’s quite as bullish as Ranieri (now a private equity fund manager). Donald Brownstein of Structured Portfolio Management noted it’s a question of when the economy might turn around, and how. He said forecasts predict an uptick in the housing market in the next few years.

Is that shouting distance? I guess it depends on how loud your voice is.

There’s a lot happening in the world.  Through it all, Marketplace is here for you. 

You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible. 

Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.