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5 Funds to Play the Real Estate Rebound

These funds all stand to keep rising along with the housing market

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expensive housing market 1Last year was certainly stellar for the real estate market. Homebuilders like KB Home (NYSE:KBH), PulteGroup (NYSE:PHM), Lennar (NYSE:LEN) and Hovnanian Enterprises (NYSE:HOV) saw their share prices more than double.

And it looks like the good times will continue. Consider that during the first nine months of 2012, housing permits spiked by 32%, and the median single-family home price rose about 6%. During this time, the growth in sales of new homes increased 23%, versus 8% for existing homes.

Some of the reasons for the rebound: an improved economy, historically low mortgage rates, increased household formation and lower unemployment rates.

So, what are some real estate funds worth looking at? Here are five:

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