WSO - 3 Housing Plays So You Can Sleep Well At Night
2024-03-13 07:00:00 ET
Summary
- A majority of Seeking Alpha readers believe that 2024 will not be a good year to buy a home.
- Homebuilding stocks have reached all-time highs despite elevated mortgage rates.
- Higher mortgage delinquency rates and increasing supply could weaken the housing sector.
- We have three picks that have turned $10,000 into $1,0000,000.
This article was coproduced with Leo Nelissen.
The other day, I wrote an article on the bigger picture of the housing industry, which included the chart below.
Seeking Alpha - Wall Street Breakfast
As we can see above, the majority of Seeking Alpha readers believe that 2024 will not be a good year to buy a home.
Roughly 37% of respondents believed that prices will continue to rise, supported by falling rates.
Personally, I’m not sure.
However, I have made some assumptions, especially based on the massive rally in homebuilding stocks....
3 Housing Plays So You Can Sleep Well At Night