"The housing worm has turned over the past few weeks," says Zillow's Stan Humphries, noting super-tight inventories are easing and interest rates are headed higher. "Runaway appreciation (see Case-Shiller) ... will begin to moderate ... Buyers expecting home values to continue rising at this pace indefinitely may be in for a shock." Up sharply after a big earnings report earlier, Lennar (LEN +0.7%) has eased. The Homebuilders ETF (XHB +1.6%) continues higher though. The U.S. Real Estate ETF (IYR +0.8%).
"The housing worm has turned over the past few weeks," says Zillow's Stan Humphries, noting...
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