The Dow and S&P bounced back today, despite the latest round of housing data, which showed that new home sales fell 3.3% for February, hitting a five-month low.
In this segment from Tuesday's edition of Investor Beat, host Chris Hill and Motley Fool analyst Morgan Housel discuss whether this puts an end to the housing market recovery. The guys discuss that while the harsh winter weather this year was definitely a factor here, the most important aspect to remember is that one month of data does not make a trend. Morgan still sees the housing recovery to be strong by several metrics, despite this blip.
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The article Why Wall Street Is Unfazed by Housing originally appeared on Fool.com.Chris Hill, Morgan Housel, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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