Housing market: High rate impacts & what's happening with rentals

Wed, Jan 22, 2025, 11:09 AM

Yahoo Finance senior reporter Dani Romero joins Wealth host Brad Smith to highlight some of the woes facing the housing market, including slow mortgage application growth due to high mortgage rates.

According to Redfin, home prices rose 5.4% in 2024 from 2023. Meanwhile, rents have been falling due to a construction boom — though single-family home rents remain 40% higher than pre-pandemic levels, according to Realtor.com.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Josh Lynch