Sales of new, single-family homes surged from April to May at the highest rate since July 2008 and by 29% over the previous year, while existing home sales reached the highest level since November 2009.
And home prices posted their biggest annual increase in more than seven years in May and are expected to continue rising, CoreLogic said Tuesday.
How can you profit from the housing market recovery?
By buying the homebuilders’ stocks? Sure, but after impressive gains, homebuilder stocks may have peaked for the short term. (more)
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