1 Stock That Could Soar When the Housing Market Recovers
Talk to any real estate agent, and you'll likely hear the same thing. The housing market is as slow as it has been in a long time.
The pandemic-driven housing boom has dried up with mortgage rates at their highest levels in 20 years and existing home sales as low as they've been since the early 2010s when that era's real estate bubble went bust.
Americans are reluctant to sell their homes and move, contributing to a lack of inventory on the market. That has posed challenges for a slew of companies, including real estate brokerages, home improvement retailers, property tech companies, and others.
Source Fool.com
