You guys are hilarious.
Once again I could post "news" that would decimate anything seemingly rosy that agip is posting regarding econ.
And lol at you guys who think you can get on the RE ride by buying into HD or a REIT, that's not how it works. First of all the market is very disparate and fractionated, to make decent money you have to be able to pick your market, and even pick your properties, and you have to be quick about things.
Buy into those things for other reasons, NOT because "the housing market" is currently reported to be hot, by one measure.
Lastly, you will recall that I have already said that I am participating intimately in the RE market, among other things. Just wanted to point it out to the tools and douchebags who come here and try to crap on the idea that markets can in any way, and on any timeframe, be predicted. You are either stupid, lazy, inflexible, or some combination thereof.
Here's another thing that I will get into soon: farmland. I have been waiting for over 6 years now, and the time is coming. Prices are properly down in particular areas, roughly tracking commodity prices. There are some decent deals to be had, depending on what one intends to do, and one's timeframe. For me it would be a buy-and-hold for a minimum of 10 years, unless something spectacularly good happened to the land value in the interim.
Also the advance of particular RE properties is good for my personal lending, as the quality of the pledged security increases.
For those essentially passively investing, enjoy your casino.