Commentary: Higher home prices could signal a rebound

10/28/2008 | Seeking Alpha

The American economy is on the rebound, if historical trends in real estate hold true, Andrew Snyder writes in a Seeking Alpha commentary. Snyder cites Monday's improved home sales figures, which were unexpectedly up. "It is a fact that the real estate industry has historically been a leading indicator of the American economy. When it falls, Wall Street falls. When home prices rise, so does the Street," Snyder says.

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