In most markets across the U.S., home prices are moving higher. This is great news for homeowners -- and for banks. After seeing a boom in the mortgage origination business because of record-low interest rates, banks are looking to pivot and take advantage of a more confident American consumer.
Despite being a major point of blame during the financial crisis, the U.S. housing market is still tremendously critical to the broader economy. After first-quarter bank results highlighted tepid loan demand, banks are eager for businesses and consumers to show a hunger for credit.
In this video, Motley Fool banking analysts David Hanson and Matt Koppenheffer rate on scale of 1 to 10 how important the housing recovery is for banks.