Looking back through history, whenever value stocks have gotten this cheap,
subsequent long - term returns have generally been strong.3 From
current depressed valuation
levels, value stocks have in the past, on average, doubled over the next five years.4 Not that we necessarily expect returns of this magnitude this time
around, but based on the data and our six decades of experience investing through various market cycles, we believe the
current risk / reward proposition is heavily skewed in favor of long - term value investors.
«The spring buying season is right
around the corner and
current supply
levels aren't even close to what's needed to accommodate the
subsequent growth in housing demand,» says Yun.