Everyone seems to have predictions where the housing market will head in 2012. Some are pessimistic, but others are singing a more positive tune, including many on Wall Street. Some prominent hedge funds as well as Goldman Sachs are putting on a bullish bet that housing will rebound, according to the Wall Street Journal.
Hedge funds run by Caxton Associates LP, SAC Capital Advisors LP, Avenue Capital and Blackstone Group LP have been buying housing-related investments, betting on a rebound. And formerly bearish research firm Zelman & Associates now predicts a housing pickup, as does Goldman Sachs Group Inc.