Summary Is the housing market about to crash? www.riskhedge.com
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D.R. Horton's stock may indicate a rebound in the housing market, which is currently facing a shortage of homes and falling prices, but an article on the RiskHedge website does not provide a clear answer on whether the market is at risk of crashing.
Key Points
- D.R. Horton's stock is a key indicator for the housing market's performance
- Home prices are unlikely to crash due to shortage of available homes
- Average US home prices have been falling for five straight months according to Zillow
Summary
317 word summary
The excerpt is not related to the subject of the document and contains various irrelevant information such as copyright, contact information, and reader comments. The relevant information is that RiskHedge has published articles on the potential impact of AI on jobs and on the housing market. The housing market article discusses how D.R. Horton's stock could be an indicator of the housing market's performance, as it correctly predicted the market's peak and bottom before they occurred. The article suggests that if DHI's current trend continues, it could indicate a rebound in the housing market. D.R. Horton, America's largest homebuilder, is a key indicator for the housing market. Stock prices anticipate future events, and with mortgage rates rising, there are more Americans looking to buy homes than there are homes available. This shortage means that home prices are unlikely to crash like they did in 2008. In contrast to 2008, when there was an oversupply of homes, today's housing inventory is alarmingly low. Scarred by the housing bust, homebuilders have been building less, creating a housing shortage. The typical American has over 70% of their net worth in their house, so falling home prices can be concerning. Zillow shows that average US home prices have been falling for five straight months, and a recent survey by Cinch Home Services found that 53% of prospective homebuyers believe the real estate market will crash this year. The article discusses whether the housing market is at risk of crashing. It is written by Stephen McBride and was published on March 6, 2023, on the RiskHedge website. The article includes links to access the website's Members' Area, information about the author and the website's team, as well as links to Justin Spittler's Trade of the Week, RiskHedge Report, Free Research, and Premium Advisories. The article does not provide any information on whether or not the housing market is at risk of crashing.