There’s no denying that homebuilding stocks have been on a tear lately. Heck, the iShares Dow Jones US Home Construction Fund is up 62% in the last year, compared to about 15% for the S&P 500 Index. Such an impressive run-up is making even faithful Wall Street Daily readers afraid that another housing bubble is forming. But fear not, writes an analyst in a Seeking Alpha article, a bubble is not in the works. And here’s why…
Irrefutable data that proves housing is still recovering
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Douglas Elliman settles the commission lawsuits
The firm will pay an initial amount of $7.75 million into the settlement fund, with the possibility of another $10 million in the coming years