September 21, 2012
The news continues to improve for housing. According to the National Association of Realtors, sales of existing homes climbed 7.8% in August. On a year-over-year basis, sales have improved for 14 consecutive months, and the median price of an existing home climbed 9.5% from a year ago. With interest rates at historical lows and significant pent-up demand for homes from long-time renters, this positive trend could continue for some time, particularly if the employment situation in the U.S. takes a serious turn for the better.
With the real estate market enjoying a resurgence, Matt and Paul discuss a few stocks investors may want to consider to take advantage of the potential new boom in housing. Watch the video below to get the stocks and their insights.
Are you part of the 99%? Our new free report highlights three less-than-luxurious stocks the 1% may be overlooking. Just click here to read it now.