What do Lennar, DR Horton, KB Home, Pulte and Toll Bros all have in common? Well they all hire hot babes to sell their inventory, but that's not what I'm after. They are the largest publicly traded domestic homebuilders, getting warmer, but that's not it either. My point is that since June 2000 they are all up over 400%. Bingo! That's a bull market and it appears the pendulum may be swinging back to reality for these sellers of realty.
Check out this Motley Fool article and you decide:
Real Estate's 7-Year Glitch [Fool.com] March 26, 2007: "Earnings growth has deteriorated at a quicker pace than share prices have declined. Inventory levels remain chunky. By the time the dust clears, you're going to find some pretty amazing investment opportunities..."
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