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Zell: Real Estate Bottom Will Turn Around Economy

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Sam Zell was on CNBC for a lengthy interview yesterday afternoon. CNBC posted a recap of the discussion. Here is a key quote and you can watch the entire clip below.

"The key to everything is single-family housing because that's where consumption comes from," Zell said. "If people don't have confidence in their biggest asset, they won't have the confidence to spend."

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Elaine Misonzhnik

Senior associate editor Elaine Misonzhnik has been writing for National Real Estate Investor since June 2006 and has covered commercial real estate for more than 12 years. She first became...
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