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Wall Street Looks to Zillow, Rocket Mortgage Earnings for Clues on K-Shaped Housing Market
['Mallika Mitra', 'Guest Contributor To The Daily Upside']
The Daily Upside
Wall Street will be closely watching earnings reports from Zillow, Rocket Companies (parent of Rocket Mortgage) and Opendoor this week for insight into the housing market.
Meanwhile, housing inventory, a lack of which has long been weighing on the US housing market, is finally ticking up.
As with many aspects of the housing market, it’s not necessarily a clear-cut story.
Horton’s fiscal third-quarter results illustrate the mixed state of the housing market.
The company’s rival Lennar cut its full-year target for home deliveries, noting geopolitical uncertainty and high interest rates.