09.04.2013 - Those who see U.S. housing market froth could use a little perspective
The U.S. housing market has only recently begun to stir from the depths of a deep depression and already some observers are arguing the recovery is out of control, adding the sector to the long list of perceived asset bubbles. The more likely scenario is that the recovery is just getting going, which adds to the upside potential for U.S. financial and homebuilding stocks. Any way you size up housing, it has been pummelled since 2006 with little sign of anything but a modest perhaps even tentative recovery since then. Indeed, the recent recovery looks impressive only if you ignore the steep slide that preceded it...............................................Full Article: Source
Print