Market Bounce Back: Housing Market Strategies for Market Dominance

Money | July 14, 2024, 12:53 a.m.

In the latest episode of Market Domination Overtime, hosts Josh Lipton and Julie Hyman discuss the dynamics impacting US stocks and the housing market. US equities are rebounding after a tough day for Big Tech stocks, with Paul Hickey of Bespoke Investment Group highlighting the "rubber band" effect in the markets. Mortgage rates are declining, opening doors for new homebuyers, as Zillow's Orphe Divounguy shares insights on housing affordability and top markets for buyers. The market is experiencing a rotation, but the VIX remains low, signaling potential volatility ahead. President Biden faces challenges regarding his age and ability to serve a second term, despite positive economic indicators. Overall, the housing market shows signs of improvement with increased inventory and more affordable options, especially in markets like Austin and Texas. Stay tuned for more insights on upcoming earnings reports, retail sales data, and postage stamp price hikes.