Stronger home sales push homebuilder shares higher

07/24/2009 | Forbes

Reports of higher existing home sales pushed shares of homebuilders higher this week. Observers say price declines and government incentives have encouraged more consumers to shop for homes. However, they note that home prices continue to fall and could decline an additional 10% before they hit bottom. They also note that banks are starting to flood the market with foreclosed homes.

View Full Article in:


Published in Brief: