04.10.2011 - The housing market is finally bottoming Here's how to play it
The housing market remains a drag on the economy, but there are indications that it is finally starting to bottom. Prices have stopped declining, and there is even some sign of life in sales. Not all the news is good, of course. New home sales dropped still further in August from July, falling to a pathetic 295,000 annual rate compared to the 1 million-plus in the good years. And housing starts fell to an annual level of 571,000 from 601,000 in July - that's 12% below their August 2010 level..............................................Full Article: Source
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