High mortgage rates are making homeownership inaccessible for many Americans. Recent discussions highlight the ongoing housing crisis and potential interest rate cuts, but current market conditions remain challenging for buyers. Low affordability and elevated rates continue to dampen the housing market, influencing both consumers and investors.
Positive
With high mortgage rates persisting, the housing market will likely continue to face pressure. This situation could benefit homebuilders and related real estate sectors known to thrive even during downturns. Investors may consider the SPDR S&P Homebuilders ETF (XHB) as a potential investment, which may trend positively as it captures potential growth in homebuilding despite the overall market challenges.
Oct 11, 2024, 12:01 PM
The former president often implies that deportations will bring down housing costs. Reality is more complicated.
Oct 10, 2024, 1:34 PM
The Consumer Price Index (CPI), the main measure of inflation, increased 0.2% in September, a similar increase consumers saw in August and July, the Bureau of Labor Statistics reported.
Oct 10, 2024, 6:50 AM
Recent falls in rates could come to "an abrupt halt" in the next few days, according to brokers