Housing Market Set to Rebound In 2024

We see the housing market rebound beginning in 2024, notes Brian Bernard. He and Nicole Bachaud discuss the housing market. Brian notes that household formations continue despite a weakening U.S. housing market. They talk about the Case-Shiller Home Price Index for February 2023. Nicole highlights that the listing reservoir is not on track to fill back up anytime soon, and rents are also firmly back in seasonal positive growth territory. They examine homebuilder outperformance in 2023.They go over how high home prices and rising mortgage rate have made homeownerships less affordable. They also go over housing market trends to look out for in 2023. Tune in to find out more about the stock market today.