Housing Issues & Financial Considerations
For those of us focused on the housing market, this piece is particularly enlightening. As the authors explain, we will need to see a price reduction in order for the housing market to stabilize without government aid.
The author explains that, “Based on Merrill’s estimates the housing market is unlikely to normalize before 2015. The supply/demand imbalance is simply staggering at the current levels and is likely to deteriorate if the economy weakens further.”
Sighting charts and analysis from Merrill Lynch, the article sheds light on the current housing issues. Certainly, these issues are pertinent to those in the financial sphere like Corey Ribotsky and to anyone looking to invest in the housing market or to purchase a private home.
Corey Ribotsky on Real Estate
Corey Ribotsky, Managing Member of the NIR Group, probably knows a thing or two about the current real estate market. The NIR Group LLC, an Alternative Asset Management Firm, specializes in four areas: direct investments; commodities; structured finance and real estate.
The real estate section of the NIR Group mainly provides mortgages which are usually quite dissimilar to those offered by banks, insurance companies, etc. In other words, these mortgages are much more short-term. While the person who takes out such a mortgage will usually end up paying more they still remain popular. This is because people often want to “limit equity dilution that can come from involving an equity investor to provide the necessary funds.”
Corey Ribotsky and the NIR Group team have probably been following the news in the real estate market as well. A study showed that foreclosures were up 16 percent from the beginning of 2009 to the start of the following year. Maybe this company’s mortgages can assist people and prevent them from being foreclosed.
The NIR Group of Roslyn, New York
Corey Ribotsky is the Managing Member of the NIR Group, an Alternative Asset Management Firm based in Roslyn, Long Island. The principals are also investors in the firm’s strategies, assuring that there is no conflict of interest and reassuring investors and building confidence among investors in NIR Group’s ability to realize higher than average returns while simultaneously minimizing the downside risk.