U.S Housing: The Impact of Raising Rates

This podcast episode explores the impact of the recent increase in mortgage rates on the housing market, with a focus on the lag in home price data. Despite the increase in rates, the speaker remains optimistic about home prices due to the lagged nature of this data. Affordability has worsened, leading to a decline in home sales. However, the tight supply of homes supports home prices, and the year-end forecast for home price appreciation (HPA) remains between 0% and 5%.