Latest / Markets with Megan: A Quick Financial Markets Update
049: The Housing Market's Complex Challenges
The housing market is in flux right now. Our Chief Investment Officer, Megan Horneman, as she breaks down the unexpected tumble in home builder sentiment and how a stall in potential buyer traffic and a fall in housing starts are reshaping the market landscape.
What are the reasons behind these shifts? Megan focuses on the impact of high interest rates. Mortgage rates are now a remarkable 7.3% - the highest since 2000, and a sluggish recovery in existing homes is weighing on both potential and current homeowners. There are a complex blend of factors currently testing the housing market, and…
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