Stock prices are based on projected future earnings, while home prices are more in the present. The stocks you listed have all fallen fairly significantly in the past 6 months, indicating the market has priced in at least some slowdown.
I agree the worst is probably behind those stocks at this point. And I’m sure they will bounce back at some point. I would need better psychic power to know exactly when though.
So yeah, homesale prices still have a long ways to fall, especially in San Diego. But homebuilder stocks may have already bottomed. I wouldn’t rush out and buy them today, but they’re worth keeping an eye on.
