BREAKING NEWS!
The Boom Is On It’s Way!
Jaco Jordaan at Southern Staying Gauteng East Rand reported this morning: “We should take note of what is happening in the US property market. Generally speaking we are always 18 months behind.”
The National Association of Realtors announced yesterday US existing home sales rose to a three-year high, in yet another positive sign for the housing market. In May, home prices rose 12.2% nationally, according to the latest Case-Shiller data. Obviously, you can see the housing market's impact in a wide range of companies -- though, as the NYT mentions not necessarily every retailer is seeing a lift during this earnings season.