Is it too early to get excited about real estate?
That’s up to you to decide.
Stability seems to be ‘building’ up on the home front.
The S&P/Case-Shiller home priceindex rose 0.5% in May from the prior month.
That’s the first gain since July 2006.
Real estate mogul Sam Zell told Maria on the Closing Bellthat the U.S. is moving toward and equilibrium where home prices have stopped going down. In fact, Zell says the U.S will see a slow improvement in housing this Fall.
However, not all is ‘rosy’ on the housing front. Zell says commercial real estate is definitely underwater. For investors looking for opportunity, he recommends looking outside the U.S.