Buy Without Your Bank

What Tanking Home Sales Mean for the Recovery (U.S. News & World Report)

U.S. News & World Report - After a big drop in December, sales of existing homes fell again in January--a development that renewed concerns about the outlook for a real estate recovery. The National Association of Realtors reported today that sales of previously owned homes fell more than 7 percent in January from the previous month. This puzzled many economists, who had expected sales to be stronger in the wake of December's 16 percent month-over-month plunge. "This is a surprise," Ian Shepherdson, the chief U.S. economist at High Frequency Economics, said in a report. ...

REIT’s Kick Butt in Q2

The Wall Street Journal reported today that REIT’s have just finished their best quarter ever. The Dow Jones Equity All REIT Total Return Index which tracks all 114 publically traded REIT’s rose 28% in Q2, its largest quarterlt gain since its inception in 1989. Seven companies had quarterly gains of over 100% !! AND STILL these gains have not reversed the drops suffered in the last year. Here is a great quote: “If you start low enough, it’s amazing what can happen to your stock.”