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TIP488: Current Market Conditions W/ Richard Duncan
We Study Billionaires - The Investor’s Podcast Network
Is There a Cascade Effect?
Sally Kohn: We're seeing drastic declines in housing happening rather quickly. I found this actually kind of surprising mainly because I figured a lot of people had very low, you know, interest rates on their mortgage. But the incentive to sell your home when you have such a low interest rate is kind of surprising to me. She says anyone who's buying a new home will have to pay the higher mortgage rates. That's why we've seen such a sharp decline in new home sales.
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