Real Estate Springs Green Sprouts

Pending Home Sales were reported Monday morning for the month of February. The data offered another green sprout, showing early signs that real estate activity is picking up. It was one of several recent indicators to do so. I see important reasons why real estate will see significant progress in 2015 and 2016 and recommend investment in real estate and in relative securities. See my report on real estate here.

Real Estate Relative Stocks	YTD	TTM
iShares US Real Estate (NYSE: IYR)	+3.6%	+22.4%
SPDR S&P Homebuilders (NYSE: XHB)	+9.1%	+13.9%
Bank of America (NYSE: BAC)	-13.0%	-8.9%
MGIC Investment (NYSE: MTG)	+4.1%	+14.3%
Market Vectors Mortgage REIT (NYSE: MORT)	+1.0%	+9.3%
Pultegroup (NYSE: PHM)	+5.9%	+18.4%
D.R. Horton (NYSE: DHI)	+12.5%	+30.6%
Apartment Investment & Mngmt. (NYSE: AIV)	+6.0%	+36.0%
Equity Residential (NYSE: EQR)	+8.2%	+40.2%
Prologis (NYSE: PLD)	+2.1%	+11.2%

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