Housing Market Bottoming Out This Summer Says, Sam Zell

Sam Zell, knows about timing real estate. He sold his REIT, Equity Residential for $39 billion in 2007. At the time, some criticised Zell for selling “too early and cheap”. The way Sam Zell saw it, there are not too many opportunities to sell a REIT for $39 billion in cash. And when the ducks are quacking, and credit is easy, feed ’em.

Now Sam Zell thinks there are signs the housing market may be starting to recover.

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The single-family housing market is starting to “bottom out” and “this summer we’ll see equilibrium,” he said.