Higher Rates Are Eroding Housing Affordability

Rising rates effect commercial loans with floating rates, notes Al Lord. He talks about how stocks are reversing this week’s gains. He highlights that banks are reducing risk and balance sheet. He discusses the housing market outlook in a high-rate environment. He breaks down trends in commercial real estate, looking at higher rates and housing affordability. He then goes over how work-from-home has impacted commercial real estate. He outlines how higher rates are eroding housing affordability and rent increases are still higher than pre-Covid. Tune in to find out more about the stock market today.