Is Housing Risen From Ashes? 'Industry Has Come Back'
It is of course possible that Congress will extend the act at the last minute, but this is just one example of many "ifs" still present in the market.
Mortgage rates may be low now, but some say they could move up next year, influenced by factors outside the Federal Reserve's recent attempt to lower them (QE3).
Home prices appear to be improving, but a new flow of distressed properties could lessen those gains this fall. And again, so much still depends on jobs. S&P's David Blitzer may believe housing is back, but his colleague Robert Shiller said last week that he wasn't convinced. Suffice it to say, the housing market has come a long way, but it still has a long way to go.
-- Written by Diana Olick at CNBC.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV