Economics

Housing Bears Hibernate as U.S. Homebuilders Swagger Into 2018

  • Prices are through the roof and builders’ shares are soaring
  • Montana money manager who called the crisis sees red flags

Tom Barrack Says Hardly Any Real Estate Is Underpriced

When real estate investors get this confident, money manager James Stack gets nervous.

U.S. home prices are surging to new records. Homebuilder stocks last year outperformed all other groups. And bears? They’re now an endangered species.