Spoiling the party? An update

Former housing-market party pooper John Paulson, the hedge-fund billionaire who made a killing betting the mortgage market would fall off a cliff a few years ago, is now a party animal, so to speak.

Mr. Paulson, who has been tied to the Goldman Sachs controvery of late, is now optimistic about recovery. Mr. Paulson said that house prices have stabilized and could climb 8%-10% nationwide in 2011. (Marketwatch).