Loosening monetary policy bodes well for lower mortgage rates, notes Dolly Lenz. She and Jenny Lenz discuss the state of the U.S. real estate market entering 2024. Dolly highlights that if the Fed hikes again or fails to cut, the housing market could continue to strain. They talk about the state of U.S. new home construction mentioning stocks TOL, PHM, LEN, and DHI. They then go over the outlook for Zillow (ZG). They also outline how a continued high-rate environment has affected real estate. Tune in to find out more about the stock market today.