Carla Pasternak, editor of Street Authority’s High-Yield Investing, calls it “the most dramatic turnaround in U.S. history.” And millions of people across the country are reaping its benefits, increasing their net worth, while reducing the stress point that used to cause many to lose sleep at night. I’m talking about the clear recovery taking place in the residential and commercial real estate markets.#-ad_banner-# The latest read on the S&P/Case-Shiller Home Price… Read More
Carla Pasternak, editor of Street Authority’s High-Yield Investing, calls it “the most dramatic turnaround in U.S. history.” And millions of people across the country are reaping its benefits, increasing their net worth, while reducing the stress point that used to cause many to lose sleep at night. I’m talking about the clear recovery taking place in the residential and commercial real estate markets.#-ad_banner-# The latest read on the S&P/Case-Shiller Home Price Index, a leading home-value index that tracks prices in 20 residential markets, showed that home values rose 4.3% in October 2012 from the previous year, ahead of estimates looking for 4% growth. That follows the trend that has been in play for the past 12 months, with home prices showing steady gains through most of the year. And sure to fuel the rebound in home prices is the recent settlement of a massive lawsuit against 10 major U.S. banks and mortgage companies brought by the federal government. Not only is… Read More