NEW YORK ( TheStreet -- The collapse of the housing bubble is still a painful memory for many investors. Even as the economic data points to a recovering housing market and homebuilder stocks have been rising, they are having a hard time believing in this real estate rally. They have good reason to be worried.On a positive note, the Federal Reserve has reported that aggregate household net worth at the end of 2012 was $66.1 trillion, nearly back to its pre-crisis peak of $67.4 trillion, reached at the end of the third quarter of 2007. Home prices have been steadily moving higher with January levels hitting the best point in six years. Existing home sales have risen and new home sales are at impressive levels. This is delivering tremendous performance for homebuilder stocks. Even delinquency and foreclosure rates are down. This week the market will receive more housing data and several key homebuilders like Lennar (LEN - Get Report)and KB Homes (KBH - Get Report) will report their earnings.
Housing Recovery to End Soon
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
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
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts