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Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with the Stochastic Slow Indicator, a common...
More bad economic news is expected today, but the real story could a rebound in the housing market. Mortgage data for the last four weeks have shown strong demand for home buying. Refinancing normally dominates lending, but now they've swung sharply toward purchases....