Blue Asset Management LLC Shows Confidence of Real Estate Recovery with Continued Real Estate Investments
Charles Blumenkehl of Blue Asset Management says the real estate market and property values will recover in the next two to three years, and his fund is backing up his forecast by aggressively purchasing real estate assets throughout northern New Jersey.
Wayne, NJ, April 19, 2011 --(PR.com)-- According to Charles Blumenkehl, managing partner of Blue Asset Management LLC, the real estate market and property values will recover in the next two to three years, and his fund is backing up his forecast by aggressively purchasing real estate assets throughout northern New Jersey.
According to Blumenkehl, “I have been active in real estate for over 30 years, and the one thing I’ve learned for sure is that God stopped making dirt a long time ago, but hasn’t stopped making people.” Blumenkehl continued, “In the short term, or over the course of a few years, anything can happen. But in the long term, real estate will only move in one direction, and that is up.”
Blumenkehl believes that real estate foreclosures and short sales have had and continue to have a profound impact on real estate values. Blumenkehl points to this as a primary driver in the downward trend of real estate values. Blumenkehl added, “Once the trend of foreclosed housing ends, the demand will get in balance with supplies, and prices will stabilize and follow their historic trends.”
The Prudential Real Estate Outlook Survey of 1,253 Americans between the ages of 25-64 in the market for buying a home conducted Jan. 20-27, 2011 agrees with Blumenkehl's assessment, showing that 86 percent of Americans believe real estate is a good investment despite the market volatility of the past few years.
This exceeds the 47 percent of Americans who expected house prices would rise in a similar survey conducted in April 2010, underscoring a more bullish outlook for the real estate market today.
In addition to the 86 percent of Americans who believe real estate is a good investment despite the market volatility of the past few years, almost 60% of respondents are more interested in buying real estate (58%) and are optimistic about buying given the momentum of the economic recovery (59%). And, although the price of many Americans’ homes declined during the recession, 89 percent acknowledge they can now buy a new house at a lower price.
“I am convinced now is a good time to be buying real estate,” concluded Blumenkehl. “Some of the best real estate purchases I’ve ever witnessed in my career happened at those times the market was struggling, and now is another of those opportunistic times.”
Charles Blumenkehl has been active in buying and operating real estate in New Jersey since 1977. He founded Blue Asset Management LLC in 2008 to leverage what he perceived were opportunities resultant from the real estate and mortgage meltdown. For more information about Charles Blumenkehl or Blue Asset Management LLC or to present real estate opportunities to the fund, log on to the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.
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According to Blumenkehl, “I have been active in real estate for over 30 years, and the one thing I’ve learned for sure is that God stopped making dirt a long time ago, but hasn’t stopped making people.” Blumenkehl continued, “In the short term, or over the course of a few years, anything can happen. But in the long term, real estate will only move in one direction, and that is up.”
Blumenkehl believes that real estate foreclosures and short sales have had and continue to have a profound impact on real estate values. Blumenkehl points to this as a primary driver in the downward trend of real estate values. Blumenkehl added, “Once the trend of foreclosed housing ends, the demand will get in balance with supplies, and prices will stabilize and follow their historic trends.”
The Prudential Real Estate Outlook Survey of 1,253 Americans between the ages of 25-64 in the market for buying a home conducted Jan. 20-27, 2011 agrees with Blumenkehl's assessment, showing that 86 percent of Americans believe real estate is a good investment despite the market volatility of the past few years.
This exceeds the 47 percent of Americans who expected house prices would rise in a similar survey conducted in April 2010, underscoring a more bullish outlook for the real estate market today.
In addition to the 86 percent of Americans who believe real estate is a good investment despite the market volatility of the past few years, almost 60% of respondents are more interested in buying real estate (58%) and are optimistic about buying given the momentum of the economic recovery (59%). And, although the price of many Americans’ homes declined during the recession, 89 percent acknowledge they can now buy a new house at a lower price.
“I am convinced now is a good time to be buying real estate,” concluded Blumenkehl. “Some of the best real estate purchases I’ve ever witnessed in my career happened at those times the market was struggling, and now is another of those opportunistic times.”
Charles Blumenkehl has been active in buying and operating real estate in New Jersey since 1977. He founded Blue Asset Management LLC in 2008 to leverage what he perceived were opportunities resultant from the real estate and mortgage meltdown. For more information about Charles Blumenkehl or Blue Asset Management LLC or to present real estate opportunities to the fund, log on to the company website at www.blueassetmanagementllc.com or call the company directly at 973 835-1400.
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Blue Asset Management LLC
Charles Blumenkehl
973 835 1400
blueassetmanagementllc.com
Charles Blumenkehl
973 835 1400
blueassetmanagementllc.com
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