Stocks affected in a housing decline
The Reserve Bank of Australia (RBA) this week increased the cash rate by 0.5 per cent to 0.85 per cent. The market is expecting more rate rises this year and with this forecast, demand for housing has decreased. If there is a significant housing decline, this will affect some sections on the market. Below are a list of stocks to avoid in a housing correction. Consumer discretionary Consumer discretionary stocks in furniture and appliances will be the most affected by …