Grab Hold of the Housing Recovery
Home prices in 20 U.S. metropolitan regions rose 2% in August, according to the latest Standard & Poor's/Case-Shiller Home Price Index, published in late October. New-home sales stepped up to their highest level in more than two years, as well, when the pace of homebuilding hit a four-year high in September. All of this is happening while mortgage rates are at near-record lows, giving a further boost to residential real estate.
Such data indicate that the housing market is bouncing back. I admit the recovery is still tentative, and could derail if the economy heads south. But, for now, the trends for the housing market are definitely pointing upward. This means that companies serving the housing market are potentially good investments at this time....266 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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