As mortgage rates soften, 2024 is expected to see a boost in housing demand, which could benefit housing-related stocks. Analyst Jake Gordon of Bespoke Investments believes housing equities trade in correlation with rates, with lower rates a boost for home stocks. Yahoo Finance's Dani Romero breaks down the details, providing insights into the dynamics. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith
A lack of inventory in the resale market has already helped the industry. Interest rate cuts should also spur demand in 2024.
Goldman Sachs analysts expect home prices to increase 1.8% this year.