• November 5, 2024

How a Fed rate cut could fuel a home remodeling boom

As the Federal Reserve's FOMC (Federal Open Market Committee) meeting approaches on Thursday, investors anticipate a potential interest rate cut. This could have significant implications for the home remodeling sector, which is expected to rise to $477 billion by 2025, according to Harvard University's Joint Center for Housing Studies. Angi co-founder Angie Hicks joins to discuss how a rate cut could boost the home remodeling space. Hicks notes that houses are the largest investment for most Americans, so "we need to make sure it fits our lifestyle." She explains that if rates were to come down, this would allow homeowners to tap into their home equity lines of credit (HELOCs) to invest in remodeling their homes to better suit their needs and preferences. Hicks offers several tips for those considering a home remodeling project: "identify your budget" and understand how much you're comfortable spending, create a timeline to maximize the value of your investment, and make sure to hire trusted professionals to get the job done. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

  • November 5, 2024

These homebuilder stocks could outperform in a Harris win

The 2024 US presidential election is underway as Americans across the nation cast their ballots for the 47th president of the United States. The SPDR Homebuilder ETF (XHB) is trading higher on Tuesday, with some market participants anticipating potential benefits for the homebuilder sector depending on the outcome. Yahoo Finance Housing Reporter Dani Romero dives into the details, highlighting how a victory for Vice President Kamala Harris could boost homebuilder stocks such as D.R. Horton (DHI) and Lennar (LEN). To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith

  • November 4, 2024

How the bond market is reacting to Fed's rate easing cycle

The US bond market (^TYX, ^TNX, ^FVX) is seeing declines Monday morning ahead of the Election Day on Tuesday, November 5, and the Federal Reserve's own November meeting on Thursday, November 7; the 10-year Treasury yield still sitting high above 4.2%. "What we're seeing that's unusual in a 21% up equity year is we're seeing volatility quite high, and we're seeing a lot of uncertainty around fixed income. And part of this is because... the fiscal priming that's been done through this post-COVID cycle has really set the economy up with a much stronger base," Easterly EAB Risk Solutions global macro strategist Arnim Holzer tells Yahoo Finance. "Now a longer-term issue around indebtedness, but a stronger economic base that leads to uncertainty in what the Fed can do." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Luke Carberry Mogan.