The housing market's supply problem and where the Fed fits in
Description
The housing market has continued to see weakness amid high mortgage rates, affordability, and supply issues. In this episode of Stocks In Translation, Yahoo Finance senior reporter Alexandra Canal, along with Yahoo Finance producer Sydnee Fried, sits down with Morgan Stanley US Housing strategist James Egan to discuss the state of the housing market.
They discuss the term "locked in and priced out." The lock-in effect occurs when homeowners do not want to sell their homes because the interest rate they received when they purchased the home is less than the current interest rate.
Egan talks about what could happen to the housing market if the US economy sees a hard-landing scenario, underlining the significance of the Federal Reserve's own interest rate policies on the housing market.
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Yahoo Finance's Stocks In Translation is hosted by Jared Blikre and produced by John Tejada.
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