This Unstoppable Stock Is Up 41% in July, but It's Not Too Late to Buy
RDFNRedfin(RDFN) The Motley Fool·2024-07-18 17:32

Real estate stocks could deliver strong gains for investors if, as expected, interest rates fall later this year.The real estate industry has certainly suffered as a result of the U.S. Federal Reserve's aggressive hike in interest rates to tamp down outsized inflation. The central bank increased the federal funds rate from a historic low of 0%-0.25% up to 5.25%-5.5% in just 18 months between March 2022 and August 2023. It crimped consumers' borrowing power, and it also forced existing homeowners to rethink ...