4 Real Estate Stocks Billionaires Can't Stop Buying

Value investors live and die in cycles. In high growth cycles, their returns often lag the market for years at a time. Once the market trend turns and stock prices start to go down, value investors pounce.

The investors we're going to look at today have become billionaires thanks to years of "buying when there's blood in the streets."

Let's go over what high-profile investors Joel Greenblatt, Glenn Greenberg, and Tom Gayner may like about the real estate stocks they've recently bought into: Howard Hughes Corp. (NYSE: HHC), D.R. Horton (NYSE: DHI), Lennar Corp (NYSE: LEN), and CoStar Group (NASDAQ: CSGP).

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Source Fool.com