Real estate: ‘Coastal markets are going to start declining,’ Fundrise CEO says

CEO

SEANA SMITH: After a hot couple of years, the housing market finally cooling off, but that doesn’t mean that there aren’t opportunities to invest in this space. Ben Miller, the co-founder and CEO of Fundrise, joins us now. Ben, since the last time you were on the show, certainly, a different housing market. We have seen report after report showing that the housing market is cooling down and cooling down quickly. So where are the most attractive opportunities in the space right now?

BEN MILLER: Yeah, I mean, the most interesting opportunity for us these days have been lending. So what’s happened is all this disruption in the market has made a lot of the banks and normal lenders afraid of going in the market. There’s been a huge pullback on overall credits. So we have been looking at lending, single family homes, lending departments, activity in the credit markets. Basically, when things are disrupted, you really want to be the capital available when everybody needs it.