: The party’s over for America’s housing market, but this real-estate CEO believes it will recover


The pandemic home-buying frenzy came to a screeching halt when the U.S. Federal Reserve raised interest rates last June. Rates have since doubled, remaining firmly above 6%. After home sales plunged, the housing sector has recovered somewhat, but it is now facing a shortage of homes for sale, leading the market into a bidding frenzy once again.

It is fundamentally a different market, Bess Freedman, CEO of Brown Harris Stevens, told MarketWatch in an episode of Barron’s Live.


This article was originally published by Marketwatch.com. Read the original article here.

Previous articleSerbian president vows action on guns after second mass shooting in as many days
Next article: U.S. oil futures gain for the session, lose over 7% for the week


Please enter your comment!
Please enter your name here