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.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
