Big investors are betting against housing

Marketwatch reports:

Some of Wall Street’s most vocal investors are betting against housing, saying the recovery has fizzled out.

Earlier this month, DoubleLine Capital founder Jeffrey Gundlach took to the podium at a highly watched investment conference to suggest shorting the popular SPDR S&P Homebuilders exchange traded fund XHB +1.89% . He pointed to a concern, cited by others, that would-be young buyers are shunning mortgages .

BlackRock BLK +0.20% CEO Laurence Fink said Tuesday that the housing market is “ structurally more unsound ” than prior to the financial crisis due to its reliance on Fannie Mae FNMA -0.69% and Freddie Mac FMCC -1.15% , according to news reports. He did sound a more optimistic note on Homeownership reviving.

Just a reminder.