3 min listen
This Is What 7% Mortgages Will Do To the Housing Market
FromOdd Lots
ratings:
Length:
48 minutes
Released:
Oct 10, 2022
Format:
Podcast episode
Description
Thanks to the surge in mortgage rates, we've seen a historic collapse in mortgage affordability. New homebuyers are facing a massive sticker shock relative to what they could have paid just six months ago. So does this mean that house prices are due for a crash? On this episode of Odd Lots, we speak with Morgan Stanley housing strategist Jim Egan about what comes next. Egan argues that while high mortgage rates will discourage buyers, there won't be a significant unlocking of supply, since very few people will be forced to sell. It will be housing activity that sees the biggest change.See omnystudio.com/listener for privacy information.
Released:
Oct 10, 2022
Format:
Podcast episode
Titles in the series (100)
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