7/23/2015
By Charles Payne, CEO & Principal Analyst

First, there was the stealth stock market rally, hated and scorned from the moment major indices began to rebound in March 2009.  Now, there’s the stealth housing rebound, and the existing home rebounds in sales and price have erased the damage of the housing implosion.

• Annual sales rate of 5.49 million
• Record high median price of $236,400

What does the surge in existing home sales say about the economy, and what are the investment opportunities?

According to Bankrate, Americans prefer real estate as their top ‘investment’ despite the continued echo from the worst housing crash in several generations.  Cash is next, which means people like losing money since it cannot keep up with the rate of inflation.   Then, we have the stock market, which barely beat out gold in the midst of its worst selloff in 15 years.  I have tried to cover the housing rebound via the stock market, but I continue to see home ownership as a critical investment, too.

Best Place for Long Term Investing

Click here to leave comment

Charles Payne
Wall Street Strategies

Add a Comment!