A real estate basket (ure) is up on worse than expected new housing sales? How does that make sense?P.S. for the love of Pete, please leave your greed out of your commentary. No insults for anybody, just an honest exchange of opinion.
Home sales prices(values) were up 4% from October.
My dear friend, the market is a forward looking beast. The market looks to the future...DO NOT LIVE IN THE PAST OR THE PRESENT!
The logic may be that when all of the bad news is out, it cannot get any worse. Housing prices do not have to rise for builders to make a profit. Once the prices have stabilized, they will do okay if there is a demand for new housing.
I have to agree here. Cant really get any worse i suppose. buy and hold. i personally will prob hold bout half of my position. and short the other half time to time to keep up profits! GLTA!