Video Transcript
Apple stock will be a news story today with the announcement of the iPhone 17 coming out but there are other stock prices that are on a tear suggesting that Wall Street expects a lot of action in the U.S. housing market. Purchases of homes, refinancing of homes, lenders and brokerages expecting growth. It's September 9th. Zillow stock is already up 9% this month. Rocket Stock is up 19%. Better.com is up 15%. And Fannie Mae, which backs the largest part of the mortgage market for US consumers, Fannie Mae stock is up 26% from the start of the month. That is a lot. Now, stock prices, they don't tell us whether a company is good or bad necessarily, but what they do tell us is where investors are moving their money. And, right now, investors are moving their money toward mortgage and real estate businesses in the expectation of a lot of consumer business that's about to go down. Use that how you will. It's looking like an opportune time to be shopping for home. I'm Dan with Homebuyer.com. Happy homebuying.
Mortgage & Real Estate Stock Prices Soaring
Stock prices for mortgage and real estate companies are rising, indicating investor confidence in the U.S. housing market. Zillow is up 9%, Rocket Stock has increased by 19%, Better.com is up 15%, and Fannie Mae has risen 26% since the start of September.
Video Transcript
Apple stock will be a news story today with the announcement of the iPhone 17 coming out but there are other stock prices that are on a tear suggesting that Wall Street expects a lot of action in the U.S. housing market. Purchases of homes, refinancing of homes, lenders and brokerages expecting growth. It's September 9th. Zillow stock is already up 9% this month. Rocket Stock is up 19%. Better.com is up 15%. And Fannie Mae, which backs the largest part of the mortgage market for US consumers, Fannie Mae stock is up 26% from the start of the month. That is a lot. Now, stock prices, they don't tell us whether a company is good or bad necessarily, but what they do tell us is where investors are moving their money. And, right now, investors are moving their money toward mortgage and real estate businesses in the expectation of a lot of consumer business that's about to go down. Use that how you will. It's looking like an opportune time to be shopping for home. I'm Dan with Homebuyer.com. Happy homebuying.
