Reported 26 days ago
In a recent episode of Trader Talk, industry expert Stephanie Link highlighted key challenges in the U.S. housing market, particularly a significant shortage of 5 million homes due to underproduction by builders over the past 15 years. She emphasized that builders focus on high-margin luxury homes rather than affordable entry-level options despite a growing demand from millennial buyers. Link and host Kenny Polcari suggested that lowering mortgage rates to around 5% could stimulate demand and encourage builders to address the affordable housing crisis, offering a potential path toward a balanced market.
Source: YAHOO