Here are 3 signs the housing market may be rebounding
The housing market is starting to pick up from after a slump induced by rapidly rising mortgage rates, and there are three indicators that suggest a market rebound could be underway, according to Charles Schwab. on Tuesday, the brokerage firm pointed to the housing recession that began in 2021 as mortgage rates moved higher, shutting out both buyers and sellers and sending housing into a deep-freeze marked by slowing sales activity and poor demand.
But key gauges in the market are now starting to rise, Charles Schwab said, pointing to three indicators that could potentially usher in a recovery for housing., a measure of builder sentiment and a key gauge for the housing market, just moved into positive territory for the first time in 11 months. The index clocked in at 55 in June, notching its sixth consecutive increase.
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