Friday, May 17, 2013

Time: Housing Jump Looks Real


America’s economic recovery did a fake-out in 2009-2010, but price gains in 2013 appears to have leg.
That’s Michael Sivy’s report in the May 15 issue of Time Magazine.
Nationally, he says, the median price increase in first quarter 2013 was 11.3%—“the biggest yearly gain since 2005.”
Buying a home, he adds, is now less costly than renting in most American cities.
Morningstar says these real-estate stocks are among those that averaged double-digit gains in the last five and three years, last year, and in 2013 YTD (through May 16): HCN, NNN, OHI, TOLAY, WPC

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