Reported 14 days ago
Meredith Whitney, CEO of the Meredith Whitney Advisory Group, advocates for a 15% decrease in home prices to stimulate the housing market, emphasizing that even with falling mortgage rates, affordability remains an issue. As housing costs have surged, many potential buyers are sidelined, and Whitney suggests that an increase in inventory is essential for true market recovery. She also discusses the implications of an aging population on housing stock, where a significant portion of homes is owned by those over 50, complicating entry for younger buyers.
Source: YAHOO