The housing market continues to leave homebuyers struggling to find affordable options as mortgage rates surge and inventory remains scarce.
One industry expert highlighted changes facing buyers trying to combat the new real estate terrain.
“We’ve been stuck in this cycle now really since COVID. I think that people are just kind of waiting for things to change, and it might not ever change,” The Rogers Healy Companies CEO Rogers Healy said on “America’s Newsroom” Thursday.
“I think that real estate continues to drive our economy. And I think people are going to hopefully find a way to bring out some kind of miracles in the world of real estate. And it’s going to obviously be around interest rates, if not other options as well,” he added.
US MORTGAGE RATES WILL CREATE