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Mortgage

    Real Estate & Market Report: February 15, 2013

    BY FRED ARNOLD

    The stock market on Wednesday came within 200 points of the all-time record high.  Unfortunately some weaker than expected economic news coming out of China and Fred ArnoldEurope put a damper on investor excitement.   Both countries are showing slower growth than anticipated and that has investors concerned about whether it is a sign of things to come in the U.S.

    Right now Housing seems to be where it’s at…Stocks related to the improving housing market continue to rise rapidly and there seems to be no lull in sight.  Homebuilder stocks have increased 77% through early December.  Lumber has risen 74% and home-improvement stores have jumped 55%.  These areas of the stock market were the top-performing industries in 2012, according to Morningstar.