The Housing Market Finally Feels The Breaks

The housing market felt the breaks after a strong first half of the year, as the average 30-year mortgage rose from 3.16% to 7.2%, says Erin Sykes. She and Debbie Bloyd discuss the state of the housing market. Erin notes that there is less of a generalized housing types and location. Debbie says that interest rates will continue to fluctuate and the work-from-home impact of people moving will continue. They also talk about how city home sales are stabilizing as families have the options to live somewhere less expensive. They then go over trends in housing to watch in 2023. Tune in to find out more about the stock market today.