CNNMoney tells MHProNews investors are dashing to buy assets in every aspect of the housing supply chain—builders, undeveloped land, foreclosed homes, and building suppliers. Paulson and Co. has bought enough land in three western states to build up to 25,000 homes and is looking for more. Blackstone Group (BX) shelled out $2.7 billion last year to acquire 17,000 single-family foreclosed homes, and continues to hunt. Silver Bay Realty Trust (SBY) has already purchased 2,500 homes in areas pounded by the housing crisis and is on the lookout for 3,100 more homes. Brad Geisen, CEO of Foreclosure.com, has seen strong interest from investors in the last three months trying to buy quantities of foreclosed homes. He says, “A lot of investors see a short window of opportunity where there’s good inventory on the market at bottom market prices. No one knows how long it will last, so these investors are trying to buy as much as they can right now.”
