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Tagged "New Homes"

Piedmont Real Estate Blog

Blog by Julie Emery

Amissville, Virginia

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Piedmont Real Estate Blog

Good Sign

Nov. 14, 2008

Categorized in: Business of Real Estate

Tagged with: home builders, insider trading, new homes

CNBC had an analyst today reveal that there's been a sudden jump this week in insider purchases in homebuilders stock. Apparently, in a typical week there are 17 purchases by top executives at these firms of their own stock. This past week there were 47. That's a pretty big jump.

I don't know what they know that we don't. But it seems possible they're finally seeing something in the traffic in their new home communities over the last week or two that convinces them things are improving.

There's no way to know if their hunch is right, but they were confident enough to put money on it.

Interesting!

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