Home prices across the country are rising, but most of the country still looks cheap historically. California, however, has several cities looking very expensive at the moment, and California housing trends can often be a bellwether for what's to come across the rest of the country. Do these sky-high prices in cities such as San Francisco and San Diego show that the U.S. is moving toward another housing bubble? In this video, Motley Fool analyst Austin Smith talks with Chris Hill to weigh the evidence for and against, and he tells us what he thinks home prices in California mean for the nation.
With the American markets reaching new highs, investors and pundits alike are skeptical about future growth. They shouldn't be. Many global regions are still stuck in neutral, and their resurgence could result in windfall profits for select companies. A recent Motley Fool report, "3 Strong Buys for a Global Economic Recovery," outlines three companies that could take off when the global economy gains steam. Click here to read the full report!