Yahoo Finance

Mortgage rates fell to a new 2025 low as applications rose. Douglas Elliman associate broker, Noble Black, sat down with Madison Mills on Wealth to discuss the state of the US housing market.

"Nationally, I think people are looking at a very strong market for at least the next, I think, people are saying 12 to 18 months," Black tells Yahoo Finance. "We've got strong activity, but I think if we can get mortgage rates continuing to go down dramatically, you're going to see a lot more people coming back into the market."

Watch the video above to hear more about Noble Black's outlook on the housing market.

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

This post was written by Naomi Buchanan.