John Paulson, the hedge fund manager who raked in $15 billion shorting the housing market, said Monday that he expects home prices to increase between 3% and 5% this year and another 8 to 12 % nationwide in 2011, CNBC reported Monday.
Paulson, who made his comments in a conference call with investors on Monday, also said he expects a V-shaped economic recovery.
During the conference call Paulson made no mention of the SEC’s case against Goldman Sachs (GS), which involves the CDO that his hedge fund helped create and then bet against.
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