Housing Recovery Still on Track
While the market was fixated on the fiscal cliff, data on the real estate sector remained bullish this week.
This week, the markets remained fixated on the fiscal cliff. Unfortunately, there was little economic news to keep minds off of the potentially painful situation.
Data on the real estate sector, the key set of economic indicators at the moment, remained bullish this week. Home price gains of 5% or more for all of 2012 are now pretty much in the bag.
Robert Johnson, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.