April 13, 2024
The party’s over for America’s housing market, but this real-estate CEO believes it will recover

The party’s over for America’s housing market, but this real-estate CEO believes it will recover

The pandemic home-buying frenzy came to a screeching halt when the U.S. Federal Reserve raised interest rates last June. Rates have since doubled, remaining firmly above 6%. After home sales plunged, the housing sector has recovered somewhat, but it is now facing a shortage of homes for sale, leading the market into a bidding frenzy once again.

It is fundamentally a different market, Bess Freedman, CEO of Brown Harris Stevens, told MarketWatch in an episode of Barron’s Live.

“Housing…

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