- Investors are wary after fleeing housing as an income source, so it is significant if they begin to treat real estate, including residential, as an opportunity again.
- The most-recent S&P/Case-Shiller Index of home prices showed a 0.9% rise for May and 2.6% for the year, and Warren Buffett is among those whose recent actions signal that they believe the various data.
- In Michigan, the new-home inventory hit a 49-year low and was below six months, which Harvard's Joint Center for Housing Studies noted is usually a sign of a healthy housing market.
From the article:
For investors, "home" is no longer a four-letter word.
The real-estate sector, for the first time in years, is serving as a beacon of relative strength in an otherwise weak economy. ...