How’s this for a leading indicator of California real estate? An investment firm that owns the Weather Channel and the Waldorf Astoria hotel has bought up more than 500 houses in the Sacramento area in the last several months, betting $60 million plus that home prices will rise, the Sac Bee says.
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Ron Russell Editor’s blog |
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Economy
Firm makes big bet that California home prices will rise
Sunday, November 25, 2012
By
Ron Russell
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11:19 PM
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