Thank-you to North Eastern Group Realty agents and clients for showing you care by taking time on a Friday evening to donate to the American Red Cross. The American Red Cross saves lives every day by providing much need blood and platelets to local hospitals. Once again we surpassed our donation goal! North Eastern Group REALTORS...
Daily Real Estate News | Monday, March 12, 2012
Three stocks — DR Horton Inc., Lennar Corp., and Toll Brothers Inc. — were upgraded to “outperform” from “neutral.” Builder stocks Meritage Corp. and Ryland Group Inc. were also raised from “underperform” to “neutral.”
Analyst Daniel Oppenheim, who upgraded his ratings, says he expects homebuilder stocks to rise 18 percent this year and 19 percent in 2013.
Oppenheim says recent surveys of real estate agents have revealed that buyer traffic is strong. In fact, he says one recent buyer index survey reached its highest point since 2005, the year the survey began and also during the housing boom.
“Should the stronger traffic trends continue, we should see potential for a further upside to volume,” Oppenheim said about the homebuilder stocks.
Source: “Builders Rally on Improved Real Estate Outlook,” The Associated Press (March 9, 2012)
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North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.