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JPMorgan Sticks To Bearish Call On LGI Homes As June Closings Disappoint
Wednesday, July 9, 2025 - 12:19pm | 400JPMorgan analyst Michael Rehaut reiterated the Underweight rating on LGI Homes, Inc. (NASDAQ:LGIH), lowering the price forecast from $52 to $47. On July 4, the company announced it closed on 457 homes in June 2025, lower than 571 homes in June 2024. As of June 30, 2025, LGI Homes had 146 active...
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Gen Z Turns To Siblings And Side Hustles To Afford Homes Amid Soaring Prices
Monday, June 9, 2025 - 5:14am | 451Steep home prices and high mortgage rates are leading Gen Z to find innovative ways to become homeowners. One popular strategy seems to be co-purchasing homes with siblings. What Happened: According to Bank of America's 2025 Homebuyer Insights Report, 22% of Gen Z homeowners reported purchasing...
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Bill Ackman Urges End To Fannie Mae, Freddie Mac Conservatorship: Says Will Enable Them To 'Operate More Successfully And Efficiently'
Wednesday, June 4, 2025 - 4:36am | 769Billionaire hedge fund manager Bill Ackman is advocating for Fannie Mae (OTC:FNMA) and Freddie Mac (OTC:FMCC) to exit federal conservatorship, a status they've held since the 2008 financial crisis, arguing it would benefit the U.S. housing finance system. What Happened: In a detailed post on X,...
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For Sale, But No Takers: The US Housing Market's Awkward Standoff
Friday, April 18, 2025 - 12:20pm | 396The housing market is witnessing a disparity between the number of sellers and potential buyers. What Happened: The main reason behind this imbalance is the affordability concerns among potential buyers, leading to a rise in inventory and possible price reductions, as per a report by Zillow....
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Five Years Ago, 31 Bitcoin Bought A House—Here's How Many You Need Today
Tuesday, April 15, 2025 - 3:29am | 541Bitcoin (CRYPTO: BTC) advocates have often pitched it as a form of protection against inflation and currency devaluation. The housing market is one sector where this widely touted narrative has some reality, with every dollar buying fewer homes each year while every unit of Bitcoin boosts the...
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Home Depot 'Likely To Outcomp' Lowe's In Q4, Analyst Says As Home Improvement Battle Heads Toward Earnings
Thursday, January 23, 2025 - 12:16pm | 497Home Depot Inc (NYSE:HD) has an edge over Lowe’s Companies Inc (NYSE:LOW) ahead of fourth-quarter earnings, according to JPMorgan's Christopher Horvers. “We believe HD is likely to outcomp LOW in 4Q,” he says, citing stabilizing consumer trends, cutting-edge technology, and its...
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Where To Invest? Here Are The Top 10 US Housing Market Hot Spots For 2025
Sunday, December 29, 2024 - 4:30pm | 438The National Association of Realtors (NAR) has revealed the top 10 U.S. housing market hot spots to keep an eye on in 2025, with Boston and Kansas City among the top contenders. What Happened: The NAR study indicates a promising outlook for home buyers in 2025. This positive forecast is attributed...
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Rate Cuts Coming: Is It The Perfect Time For Homebuyers To Strike Big Deals?
Saturday, August 31, 2024 - 5:10pm | 820The U.S. housing market has been tumultuous due to persistent interest rate hikes. However, an upward revision of U.S. gross domestic product growth in the second quarter has led speculators to reconsider their bets on a substantial 50-basis-point rate cut next month. With mortgage rates...
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Unsold Homes Surge, Eight States Have More Unsold Homes Than Five Years Ago
Saturday, August 31, 2024 - 1:00pm | 429The U.S. housing market is currently experiencing an unexpected surge in unsold inventory. Eight states now have more unsold homes than in 2019, indicating a significant shift in the market dynamics. The increase in unsold homes, however, is not evenly distributed across the country. What Happened...
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Lowe's Q2 Earnings Preview: Analysts Stress 'Critical' Margin Performance As Investors Focus On Housing Market, Home Repair Trends
Monday, August 19, 2024 - 1:50pm | 770A second-quarter earnings report from Lowe's Companies (NYSE:LOW) Tuesday before the market open could be closely watched by investors and analysts for clues on consumer spending on home repairs and the impact it could have on the housing sector. Lowe’s Earnings Estimates: Analysts...
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NextEra CEO Talks Up Florida Property Market: A Sunshine State Ray Of Hope?
Sunday, August 18, 2024 - 2:45pm | 1152The housing market is in flux, with home prices at record highs amid a demand and supply imbalance. Elevated mortgage rates – seen as a function of interest rates at a 22-year high and inflation, which is eating away into disposable income – are constraining purchases. In the wake of all this,...
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Home Depot Q2 Earnings Preview: Will More Home Repairs, Housing Market Benefit Stock? Analyst Says 'Weather Headwinds' Playing Out
Monday, August 12, 2024 - 3:14pm | 886Home improvement retailer Home Depot Inc (NYSE:HD) could see strength in consumer home repairs and a potential housing market rebound factor into second-quarter financial results and future guidance when the company reports earnings Tuesday before the market open. Home Depot Earnings Estimates:...
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Housing Inches Toward Buyer's Market As Mortgage Rates Fall — But With One Caveat: Report
Thursday, August 8, 2024 - 11:59am | 370The U.S. housing market faced a prolonged period of disequilibrium following interest rate hikes. While mortgage rates are poised to continue their fall, experts say homebuyers should capitalize now. The Data: Redfin released a report on Tuesday following a weak July jobs report that sent mortgage...
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Record Percentage Of The Population Own Stock Portfolios Worth More Than $500,000
Friday, July 19, 2024 - 3:12pm | 459Stock market investing has become increasingly popular, with a good portion of Americans who have accrued substantial wealth. The Data: A post on X relayed data from the University of Michigan Survey of Consumer Sentiment. The University of Michigan Survey of Consumer Sentiment shows that a...
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Housing Prices Hit New All-Time Highs But Could Hit A Wall Soon, Despite Lower Mortgage Rates
Friday, July 12, 2024 - 2:42pm | 542U.S. housing prices just hit a new record high, with a median price of nearly $400,000, but price growth may stall out according to real estate company Redfin Corp (NASDAQ:RDFN). In a recent note, Redfin highlighted a 4.7% year-over-year growth in the median home price, the largest increase in...