Real Estate Recovery is A-Okay

We received evidence last week that the real estate recovery is intact. Both existing home sales and new home sales data showed steady activity atop historical trend lines. The iShares US Real Estate (NYSE: IYR) rose throughout the week, along with other real estate relative securities.

Real Estate Relative Security	Week Ended 10-24-14
iShares US Real Estate (NYSE: IYR)	+3.2%
SPDR S&P Homebuilders (NYSE: XHB)	+4.8%
MGIC Investment (NYSE: MTG)	+0.1%
Bank of America (NYSE: BAC)	+3.1%
Market Vectors Mortgage REIT (NYSE: MORT)	+1.2%
PulteGroup (NYSE: PHM)	+7.2%
AvalonBay Communities (NYSE: AVB)	+1.2%

Do not buy into the hype about housing’s supposed impending second demise. The real estate market has just been shown to be improving, and fertile ground remains for future growth. See my latest report on Real Estate here.