New-Home Sales Drop, but That's Not the Big Picture
New home sales may have fallen between November and December 2012, but Fool.com financial analyst Matt Koppenheffer takes a step back to look at the bigger picture, which reveals that many housing-market indicators are actually pointing toward improvement. In addition, with big money from companies like Blackstone and Silver Bay Realty chasing returns in the single-family housing market, there may still be opportunity in that corner. Thus far, the housing market hasn't contributed much to the economy's recovery, but that could be changing. Check out the video below for Matt's full commentary on the subject.
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The article New-Home Sales Drop, but That's Not the Big Picture originally appeared on Fool.com.Matt Koppenheffer owns shares of The Blackstone Group L.P.. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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