|Some home renovations that seem like a good idea can drive away buyers and drive down price. Pools can be a delight or a hassle, for instance, depending on the homeowner.|
Here are Friday's top research calls, including downgrades for Ciena, Genesco, VeriFone and Smith & Wesson.
Existing-home sales dropped 3.2% in July to an annual rate of 5.39 million units, with the median price rising 5.3% from a year ago to $244,100.
Is this the time to get contrarian? Housing starts grew respectably in July, but the rate is slowing, says Ralph McLaughlin, chief economist at real-estate listing site Trulia.com.