After Donald Trump won the election, mortgage rates suddenly went up, which had a big effect on the home market and made investors less confident. The average rate on a 30-year fixed mortgage went up by 9 basis points to 7.13%. This was a big change that sent home stocks through the roof right away. Homebuilders like Lennar, D.R. Horton, and PulteGroup, which are all sold on the stock market,...
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Palmer is cautiously optimistic about the future, despite the fact that the long-term solutions to the housing problem are intricate and varied. As more focus is placed on affordable housing initiatives and efforts to lower construction costs, she sees prospects for increasing supply. She did, however, stress that supply shortages won't go away quickly and that a large price decline is unlikely...
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