Real Estate

Rising mortgage rates and economic uncertainty have some people questioning the market.

Rising mortgage rates and continued tight supply caused home sales to drop to the lowest level since the start of the pandemic.

Homebuilders are getting a bit jittery about a potential slowdown.

Higher mortgage interest rates are hitting homebuyer affordability hard, and that is showing up in a sharp drop in mortgage applications.

“Housing leads the business cycle, and housing is slowing,” said NAHB Chairman Jerry Konter, a builder and developer.

Blackstone’s Joseph Zidle draws a striking parallel to the 2007 housing market peak. But, he lists reasons why the outcome should be different this time.

But rising mortgage rates will continue to put the squeeze on buyers.

Ryan Schneider, Realogy president and CEO, joins ‘The Exchange’ to discuss the impact of rising interest rates on the housing market.

Dave Flitman, Builders FirstSource president and CEO, joins ‘Squawk on the Street’ to discuss the company’s quarterly earnings results, why he doesn’t see a slowdown in housing and how the mortgage rate picture factors into demand for housing going forward.

The rapid mortgage rates jump is locking many would-be homebuyers out of the market.