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Stay Ahead of the Lagging Housing Index

By Jim Cramer

 About this article:
 Terrific! The Case-Shiller index says home prices bottomed in June! That's right, June figures showed that all 20 metropolitan areas increased since the previous month, ending the long slide, and the keepers of the index declared that a bottom in housing had occurred June 30. There's a problem, though, a problem I knew that would cause an issue when I made my prediction that prices would bottom June 30. The index doesn't give you a June reading until the end of August. At that point it will be so painfully obvious it won't matter. Yep, it will take two months for this silly index to register June readings, and if you're an investor, by then it will be too late. It will be obvious that foreclosed property held by banks will be worth more than it was when the institutions repossessed them, and that the Other Real Estate...

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