Money Matters - Simplified

Bad News in Housing

If you're looking for bad news related to the housing market, it's not hard to find.

Bad News in HousingGet original file (6KB)

This is not good news for homeowners who want to sell, or those with hefty mortgages who might end up owing more than their homesĀ are worth. It's also not good news for companies that provide supplies for construction. As you can see below, prices of many such companies have fallen along with the housing market:

Stock

1-year return

Home Depot (NYSE: HD)

(35.5%)

Lowe's (NYSE: LOW)

(31.5%)

USG (NYSE: USG)

(32.7%)

Owens Corning (NYSE: OC)

(33.0%)

Sherwin-Williams (NYSE: SHW)

(9.1%)

Source: Yahoo! Finance.

It could be good news for you, though, if you're looking for investments. Check out these and the many other real-estate-related investments out there, and add the most attractive ones to your watch list. When the housing slump starts turning around, consider snapping up some shares.

And remember that you don't have to buy at the first possible sign of a turnaround. Patience is a good thing!