Housing Starts Up in November

Just when you thought that the bubble was bursting, maybe it’s not. CNN Money is reporting that housing starts were up in November.

But then comes Tuesday’s housing start and building permit figures for November from the Census Bureau. They bounced back from a weak October to easily top forecasts. Both readings, in fact, were the fourth best on record. And the number of single-family home starts matched a February record.

David Seiders, chief economist with the NAHB, said it’s too soon to say that housing is out of the woods based on Tuesday’s report, but it’s probably too early to say it’s definitely reached its peak.

If predicting these things was easy, everybody would be making money, right?

REITs Still a Good Idea?

One way of getting into real estate investing without actually buying houses is through Real Estate Investment Trusts (REITs). The past several years these investments have been performing remarkably well. But will the continue to do so? CNNMoney has a article entitled “Time to pull out of REIT funds?“.

The article concludes that REITs are part of a good long term strategy

So if you’re looking for someone to sound the alarm on fleeing REIT funds, you’ve come to the wrong person. For me, the rationale for having some real estate funds in your portfolio isn’t because they may turn out to be the hot sector for yet another year.

HELOC as an Asset Protection Strategy

Adventures in Money Making has an interesting post about using a home equity line of credit as an asset protection strategy.

The basic idea is that if someone is considering a lawsuit and they see that you have a line of credit on the house, they will assume you don’t have a lot of equity in the house, and may not be as eager to sue. Very interesting idea.