The Housing Market Outlook: Where are Home Sales, Prices, and Listings Headed from Here?

Selma Hepp is Executive, Research & Insights, and an Economist at CoreLogic. In this interview, the noted real estate expert providers her latest insights on trends in home sales, home listings, and home prices. She explains how 97% of outstanding mortgage borrowers have a rate below 6%, while more than 80% have a rate under 4% -- and how that has led many potential sellers to just stay put or rent out their homes rather than list them. Selma believes we’d need to see rates drop a full percentage point to the low-to-mid-5% range to help unlock the market.