Explosive Home Prices Will Help These 2 Stocks in 2022
According to data provided by real-estate brokerage Redfin, housing prices in the U.S. in December jumped 15.2% year over year, continuing a trend sparked by the pandemic. Homebuyers looking to relocate due to the popularity of remote work, coupled with a tight housing supply and low mortgage rates, are the main causes.
How can investors play this trend? I think the home-improvement industry's massive brick-and-mortar retailers look intriguing. Here's why Home Depot (NYSE: HD) and Lowe's (NYSE: LOW) are two top stocks to look at in light of the current housing environment.
Image source: Getty Images.
Source Fool.com
