Tag: Residential REITs
Slowing Home Sales Is Great For These Two Stocks
The pace of existing and new home sales has started to slow dramatically. Sales of existing homes fell 2.4% for April compared to March, and were down 5.9% to a year earlier. New home sales fell even harder, with April sales off 16.6% compared to March, and down 26.9% year-over-year. Rising mortgage rates thanks to […]
Buying Opportunity In Residential REITs
Real estate industry experts don’t agree on much these days. For every expert that’s bullish on housing, there’s another that’s bearish. The bears point out that these are unprecedented times. Three consecutive years of falling home prices with more than two million foreclosures per year isn’t good. There’s also another wave of fore-closures on the […]
Residential REITs Are Profiting From Falling Home Values
Lookout… US home values are double dipping. According to data just released by property value estimator Zillow.com, home values are falling at their fastest pace since 2008. And prices may not hit rock bottom until 2012… at the earliest. Zillow’s Home Value Index fell 3% in the first quarter. And it’s even worse when you […]
