Schwab strategist bullish on housing

It pays to listen to Liz Ann Sonders.

The 11-year chief investment officer at brokerage firm Charles Schwab called the housing market — both the top of the boom and the bottom of the bust.

In a recent interview in the Wall Street Journal, Sonders says Florida's housing market is in a boom. Here's an excerpt from the interview with the Journal:

Q: What's your take on the second-homes market now versus several years ago? Is it healthier? Less healthy?

A: I can give you a personal experience. My husband was dying to buy a place in Florida from as early as 2003 and through '06. People who have been at Schwab a long time know that I was as bearish as they get on housing in '06. I just kept saying absolutely not—this thing is just an accident waiting to happen. Spring of '09 came, and that's when I was getting more optimistic about the stock market and thought housing probably had hit its worse and said, 'OK, now we can look.' So we bought a house in the summer of '09. We stole it, in relative terms; it's more than doubled now. That market is in a veritable boom right now. And it's not investor dollars coming in. It's not Blackstone's money coming in. It's people buying homes.