Mortgage Rate Worry Is Hiding Homebuilder Opportunity
The good news continues for both the housing market (demand and prices up, foreclosure supply diminishing) and homebuilders (activity and confidence up). Real estate has become desirable again, spurring buyers, investors and lenders. The only “bad” news has been higher fixed mortgage rates. In 2 Reasons Rate Rise Makes Homebuilders A Buy, I discussed why, contrary to the numerous media reports, this rate rise is an incentive to both buyers and lenders. Now we get two additional pieces of information adding to housing’s positive outlook.
Here’s the information and what’s coming this week that could spark homebuilder stocks…
This article is published on SeekingAlpha.com
