Single-family home prices dipped in July, and are seen stabilizing near the lows without the homebuyer tax credit that ended in April, according to Standard & Poor's/Case-Shiller home price indexes. What does this mean for the overall housing market? Josh Levin, homebuilding analyst at Citi, shared his outlook.
For the first time in 4 years, a widely followed analyst upgraded a handful of homebuilders. Why now?
With chatter suggesting that BlackBerry has avoided a ban in Saudi Arabia and potentially other Mideast nations, is the stock oversold?
Stocks shed 1.4 percent Friday, . Goldman Sachs tumbled on reports of a federal probe, prompting investors to unload bank shares. The Dow was down more than 130 points, or 1.2 percent, with 10 minutes to go on the clock.
Stocks were lower in midday trading amid disappointing economic news, with financials and technology leading the way.
The latest data from S&P/Case Shiller’s monthly report showed that home prices are still improving. But David Goldberg, building and building products analyst at UBS, said the group is still overvalued by 10 to 15 percent. What does this mean for the homebuilder stocks going forward?
The XHB closed lower Friday after a major homebuilder sparked fresh worries about the housing market. Is the dip an opportunity or a warning?
It’s time to get into home builder stocks, said Jim Wilson, managing director at JMP Securities. Mike Crofton, CEO of Philadelphia Trust Company, disagreed — but had some housing-related picks of his own.
The housing gloom deepened this week as prices plunged the most in 20 years. Is there a real estate trade?
I've never claimed to be an economist (just play one on TV), but I have held a few yard sales in my time, so this I know: If something isn't selling, lower the price. So how can new home sales be reportedly dropping 9 percent while the price of a new home rose month-to-month from $229,500 to $239,100?!
I'm out of the office today, but I'll be back -- and blogging -- on Wednesday. Happy Holidays!