Housing starts rebound in September, despite a drop in permits
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Mortgage rates are climbing higher, hovering above 7%, paving the way for heightened affordability concerns in the U.S. housing market. National Association of REALTORS Chief Economist Lawrence Yun joins Yahoo Finance anchors Seana Smith and Brad Smith to discuss the path forward for home price easements, beginning with Fed officials starting to cut interest rates. Yun insists higher for longer interest rates are making conditions harder for middle-class homebuyers, stating that Fed’s rate hikes have “[taken] away the American dream.” Yun suggests bold steps be taken to manage supply concerns in the housing market. For more expert insight and the latest market action, click here to watch this full episode […]