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.