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Seven of the 10 best-performing closed-end funds in the second quarter targeted the real estate market. After four consecutive months of rising home sales, investors are betting the worst is over.
Pending home sales, a leading economic indicator, rose 0.1% in May from April and 4.6% from a year earlier. Foreclosures drove prices down to dirt-cheap levels in some parts of the country, while low mortgage rates stoked buying. The National Association of Realtors' Housing Affordability Composite Index, which compares the median home price to median incomes, climbed to a record at the beginning of the second quarter. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,352.62 | 1,099.02 | 2,183.87 | 35.20 |
Oil *
73.27
|
|
DOWN
88.50
|
DOWN
10.16
|
DOWN
23.04
|
DOWN
0.76
|
10 Yr
3.52%
SPDR Gold
109.63
|
|
-0.85%
|
-0.92%
|
-1.04%
|
-2.11%
|
Data delayed 20 minutes |
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