The housing and real estate industries have been pressured by high interest rates. Less than three months ago, the 30-year mortgage rate was approaching 8% -- its highest level in over 20 years. A high mortgage rate prices out a lot of buyers. But rates have cooled since then, and the 30-year is back down to 6.7% at the time of this writing.

2024 could be a year when the Federal Reserve begins cutting rates instead of raising them, which could help consumer spending and, in turn, the housing market. Here's why Home Depot (NYSE: HD), Owens Corning (NYSE: OC), and Enphase Energy (NASDAQ: ENPH) could be three top stocks to play a rebound in the housing market.

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Source Fool.com