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Homes have become less affordable to buy, and millions could remain renters longer than they planned.
Interest rates have soared in recent years, and home prices are far higher than before the COVID-19 pandemic. This could cause a surge in renter households, and companies like Walker & Dunlop (WD -1.93%) that serve the multifamily housing industry could be big winners.
*Stock prices used were the afternoon prices of July 14, 2023. The video was published on June 15, 2023.
Matthew Frankel, CFP® has positions in Walker & Dunlop. The Motley Fool has positions in and recommends Walker & Dunlop. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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