Is First Trust Financials AlphaDEX ETF (FXO) a Strong ETF Right Now?
Smart Beta ETF report for FXO
Smart Beta ETF report for FXO
New home construction fell to a four-month low in November, down 1.8% from the previous month. Yet new home inventory is at a 17-year high, and homebuilders are optimistic heading into 2025. Following yesterday's interview with National Association of Home Builders CEO Jim Tobin, National Association of Realtors chief economist Lawrence Yun joins Brad Smith on Wealth to discuss his outlook for the housing market. "Home sales have been rising in recent months after being stagnant in the early part of the year, and the reasoning is very simple: We have more inventory...bringing out more buyers," Yun says. The economist notes, "We know that the mortgage rate is not fully behaving, as the Federal Reserve has been cutting rates, mortgage rates stubbornly refusing to decline, but the more inventory, more choices for consumers are bringing buyers back into the market." He says, "That's why it is critical that the builders ramp up production in the upcoming years. So I do believe that the builders need to produce more and will produce more." To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.
Wall Street anticipated a housing market "thaw" in 2024, but the market remains frozen. Yahoo Finance Senior Reporter Dani Romero examined why expectations fell short, highlighting the role of persistently high mortgage rates in maintaining the US housing market's standstill. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Angel Smith
We discuss the market outlook and best ETF ideas for 2025.
The National Association of Home Builders (NAHB) reported that US homebuilder confidence is holding steady at 46 for December, according to its Housing Market Index. NAHB CEO Jim Tobin sits down with Brad Smith on Wealth to have a conversation about housing demand and affordability. "If we look at ways that we can release those lots, I think that is the one thing I would ask local governments to do is, is we get ready for what I think is going to be a golden age of housing production over the next 4 or 5 years," Tobin tells Yahoo Finance. "We really need to get those pieces of land in the pipeline now, and we need to get them in there affordably so that we can meet demand in the future." Tobin also comments on the trajectory of mortgage rates and the housing market's supply-and-demand forecasts for the years to come. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Luke Carberry Mogan.
Homebuilder conference is remaining steady at 46 for December, as reported by the National Association of Home Builders-Wells Fargo Housing Market Index (HMI), while economists expected an uptick to 47. Catalysts anchors Seana Smith and Madison Mills report more on this housing sentiment print and how prospective homebuyers are reacting to home prices and elevated mortgage rates. 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.
WHEATON, Ill., December 16, 2024--First Trust Advisors L.P. ("FTA") announces the declaration of distributions for 3 exchange-traded fund(s) (each a "Fund," collectively, the "Funds") advised by FTA.
Rising expectations of the housing market becoming stable in 2025, make investing in these funds favorable.
Home prices are expected to rise in 2025, with mortgage rates set to remain above 6%. Yahoo Finance Senior Housing Market Reporter Claire Boston joins Brad Smith on Wealth! to break down what homebuyers should expect in the new year with consideration to rising prices, high mortgage rates, and inventory dynamics. She explains that mortgage rate buydowns, an incentive from new home builders, could help homebuyers secure a sub-5 % rate. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Naomi Buchanan.
Meredith Whitney Advisory Group CEO Meredith Whitney comes on Catalysts to talk about the challenges in housing inventory and home affordability as her firm estimates that 60% of US homes are owned by senior citizens aged 60 years and above. "You're going to see a big upgrade cycle with seniors aging in place. What that means for affordability is I think you're going to see new homeowners continue to struggle and stay renters for longer," Whitney — who was dubbed the "Oracle of Wall Street" for forecasting the 2007-2008 Great Financial Crisis — tells Seana Smith and Madison Mills. Whitney weighs in on what kind of housing conditions are expected to persist into the incoming second Trump administration, including the options that older homeowners and homebuyers may have. "Seniors have taken out more debt at a faster rate than any other age cohort. And now they they are they hold 44% of total home equity outstanding — that's up from 19% in 2004. So you see seniors really struggle," Whitney states. "So I think that having them be able to tap into their their equity is going to be something that the Trump administration really pushes for, and there's $35 trillion of equity and over half of that is tappable." Whitney has previously communicated the impact of a "silver tsunami" on the housing market to Yahoo Finance as aging Baby Boomers turning 65 years old look to downsize, potentially freeing up inventory. 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.