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US: Will home prices rebound in 2011?

Posted on 31 December 2010

From Time.com: A very successful hedge fund manager is making the case that housing prices may rebound sharply in 2011. He may be right. The guy’s name is Bill Ackman and his hedge fund is Pershing Square Capital, which had $3.5 billion under management in mid-2010. He has spent most of his career investing in consumer and retail businesses.
But he made a killing in the late 2000s by spotting early problems in the credit markets and betting against bond insurer MBIA……………………………………….Full Article: Source

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