Hoya Capital Housing ETF (HOMZ)

I was not happy to see so much selling into strength last Friday, the last day of the quarter – following what should have been encouraging inflation news.

Although still elevated, the 30-year mortgage rate is on a downward trend, with favorable projections painting an optimistic picture for the housing market. Look into ETFs to capitalize.

Sales of existing homes fell in October as the market continued to suffer from low availability and high mortgage rates. Data from the National Association of Realtors published on Tuesday showed that existing home sales fell by 4.1% in October from the previous month, down to a seasonally adjusted rate of 3.79 million. Year-on-year sales tumbled...

In this week’s ETF Wrap, we look at the steep drop of homebuilder ETFs this year, as new homes sales have fallen in the U.S. amid high prices and rising interest rates.