It’s finally June, folks, and the real estate market isn’t showing any signs of slowing down just like I predicted it wouldn’t.
That’s because June tends to be a red-hot month for real estate…
And between us, that’s mostly due to parents wanting to lock in their home address and have a utility bill handy when it’s time to enroll Jr. into the neighborhood’s local high school.
But housing data doesn’t lie…
According to Fox News, the surge in demand has caused home prices to skyrocket. This benefits homeowners looking to sell or get a cash-out refinance, which have gone up the past year.
For those of you who need a little refresher, a cash-out refinance replaces your current mortgage with a new home loan worth more than you owe. The difference goes straight into your pocket, and can be used on other financial needs like home improvement and debt consolidations.
That’s why I thought it would be a smart idea for me to give you some lesser-known names to play the housing boom —the two top flooring stocks to invest in this summer…
What I found most interesting when researching the top flooring stocks to invest in is that according to Forbes, just about every single-family home that hits the market these days ends up in a bidding war.
So the buyer with the most cash who can also close the fastest… wins!
And Federal Reserve data for both existing home sales and new housing starts are through the roof, so it looks like this trend isn’t going anywhere anytime soon.
I mean… at least not until interest rates rise, which doesn’t seem to be on the horizon yet.
But as we head closer to summer, I believe there will be an even larger uptick in demand for the top flooring stocks to invest in. That’s because the warmer months make great times to do home repairs and remodels.
And when I look at the scenario from a technical perspective, basic materials are some of the strongest stocks.
There’s substantial upside left to go for these top flooring stocks to invest in, which means you’ll want to stick them at the top of your watchlist. So check out today’s video, and be sure to share your thoughts in the comments section below.
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P.S. Very few people know this, but there’s a glitch in the market that forces Wall Street to buy up a stock…
I’m not talking about tech explosions, value investing or risky penny stocks. I’m talking about household names soaring triple and even quadruple digits.
So knowing when this glitch happens could help everyday traders grab some of the fattest paydays…
That’s exactly why stock market expert and Forbes contributor Adam Sarhan is finally revealing how anyone can spot the next one!