“There’s just so much money in corporate balance sheets …
Greene is not the first person to suggest the market is overheating, although his previous bet against the housing market in the mid-2000s makes his comments Friday notable.
“My view is it happened 80% because of the extraordinary amount of liquidity in the economy, 20% because of fundamentals,” he said.
Not everyone shares Greene’s view on the housing market being in a bubble, even if they believe real estate values may experience a brief correction.
Others have a different view than Greene on what’s causing the demand surge.
“Approximately 40% are upsizing, the most classic reason why people are looking to move.