CNBC’s Diana Olick is reporting that real estate investors are partly responsible for the 400% surge in Home Depot stock since 2009 – the year the Dow crossed the 10k mark. She says that as homes fell into disrepair after the foreclosure crisis, investors quickly moved in to make repairs and rehab distressed properties by utilizing materials & resources that The Home Depot was able to readily provide. It’s just one more example of the important role real estate investors play in the U.S. economy.
“…the home improvement giant has been on a run since more Americans are putting money into their homes instead of moving out…”
Click here to watch the story on CNBC.
