Blackstone's Jon Gray Says He's Bullish on U.S. Housing

The video discusses the current state of the global real estate market, highlighting the mature phase of the cycle with rising rates and less distress. It focuses on Spain's recovery and India's growth, driven by business processing. The US residential market is analyzed, noting a housing shortage and upward price pressure due to a supply deficit. Despite higher mortgage rates, the market remains positive, especially in early-cycle areas, while caution is advised in high-end urban markets and regions affected by adverse tax changes.

Which two countries are highlighted as having positive real estate trends in the first section?

• Spain and India

• Brazil and Argentina

• United States and Canada

• China and Japan

What is the main reason for the upward pressure on home prices in the U.S. residential market?

• Decreasing demand

• Housing deficit

• Overbuilding

• High mortgage rates

How many homes does the U.S. need to build annually to meet demand, according to the second section?

• One million six hundred thousand

• Eight hundred thousand

• Two million

• One million

Which regions in the U.S. are mentioned as being more cautious due to tax changes?

• Northwest and Southwest

• Midwest and Northeast

• West Coast and East Coast

• Southwest and Southeast

In the final section, how is the U.S. residential real estate cycle described compared to the commercial cycle?

• More mature

• In a declining phase

• At its peak

• In an earlier part