Home Appreciation Expected To Be 6-7% Instead of 20%

Daryl Fairweather, Chief Economist at Redfin, discusses how higher interest rates and higher inflation can slow down home building. She explains the typical American is priced out of a home because they are priced so high, and with mortgage rates increasing, it will be harder to borrow. Brad Hunter of Hunter Housing Economics, says we are not in a housing bubble, but it still resembles 2005. He points out there is some FOMO among would-be buyers. He says home appreciation will slow down to about 6-7% this year, compared to the 20% we have seen.