It's Time to Buy Housing Stocks -- Carefully

NEW YORK (TheStreet) -- In 2006, Fortune ran an infamous (if only to me) cover called "How to Invest in the New Web Boom -- Carefully." Now it's time for the same kind of thinking about housing.

Thursday's news that July existing-home sales topped an annual level of 5.5 million for the first time since February 2007 was just the latest confirmation that the housing nightmare is mostly over.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.

More from Opinion

Throwback Thursday: Intel Edition

Throwback Thursday: Intel Edition

Intel's Next CEO Should Try Harder to Protect Its Flanks Against AMD and Others

Intel's Next CEO Should Try Harder to Protect Its Flanks Against AMD and Others

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

3 Warren Buffett Stock Picks That Could Be Perfect for Your Retirement Portfolio

Wednesday Wrap-Up: GE and Facebook

Wednesday Wrap-Up: GE and Facebook

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know

PayPal Strikes Again, Facebook, and AT&T -- 3 Tech Stories You Must Know