By 2021, only 2.2% of mortgage applications were for adjustable rate mortgages. In 2022, 85% of mortgages were fixed 30 years. The current average new mortgage payment across the country is $3,000.
Allison Schrager, Senior Fellow at the Manhattan Institute and Bloomberg News Real Estate Reporter Patrick Clark discuss how home prices in the US rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings. Michael Shvo, Founder and CEO of SHVO, shares his thoughts on the commercial real estate market, Bloomberg Technology Co-Host Ed Ludlow joins the conversation. And we Drive to the Close with Christopher Zook, CIO of CAZ Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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