Op-ed: The stock market is sending an early warning sign about housing from CNBC.
By Mitch Goldberg | CNBC
If there’s one price investors watch as closely as the price of the stocks in their portfolio, it’s the price of their home. But if you rely on internet-based property valuation tools like Zillow to check up on what’s likely to be the most important asset you ever own, you’re overlooking an important, real-time market source for property values.
The housing market and the stocks of companies that support it have been one of the hottest investment themes since the end of the Great Recession. That’s why I think recent action in housing-related stocks is worth reviewing: The performance suggests investors must ask, Could the residential real estate rally be coming to an end?
