DeBianchi Real Estate’s Sam DeBianchi joined 'Mornings with Maria,' Tuesday, pointing to mortgage rates as the ultimate 'game changer' in the 'tricky' housing market heading into 2023.
, and DeBianchi says this may only increase in 2023 as the current mortgage rates prompt buyers to look for new homes rather than renting or purchasing fixer-uppers.
DeBicanchi Real Estate's Sam DeBianchi argues mortgage rates are the"game changer" in the"tricky" housing market heading into 2023. "As the Federal Reserve continues to move interest rates higher, mortgage financing continues to be a headwind for home prices," Craig J. Lazzara, Managing Director at S&P DJI, said in the report. "Given the continuing prospects for a challenging macroeconomic environment, prices may well continue to weaken."
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