Nicole Friedman

speaker

798 appearances 16 recordings 1 series first heard Aug 2017 last heard Dec 2024

Nicole Friedman’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

No recordings in the last 12 months.Older appearances are listed below; set an alert to hear about the next one.

Appearances

newest first · ▶ plays the moment

WSJ Your Money Briefing · Higher Mortgage Rates Vexing Homeowners Who Want to Sell · 23 Sep 2022 podcast

looking at past periods where rates increased, but of course, they didn't increase as much as they have this year.

And in those past periods, you know, he found that basically, if the difference between a seller's old rate and their new rate was less than two percentage points, it didn't really affect the market.

But if it was bigger than two percentage points, there was an effect.

And right now, you know, it's more than three percentage points for some sellers or potential sellers.

And so it's really kind of an untested scenario right now, how much

this could affect homeowner decision-making.

Both of those decisions lead to fewer homes being listed on the market, and that can keep the inventory of homes for sale lower than normal, which could provide kind of a floor to housing prices here that maybe housing prices, despite the slowdown in demand, will keep going up or at least not fall because the inventory of homes for sale is lower than normal.

It also means that people are just less likely to be in the right home for them, right?

You might have families that are staying in a home that's too small for them or staying in a home that's too big for them because of the market conditions.

They don't want to sell.

And that just means there's kind of less mobility in the market.

There's less ability to kind of move into the right home.

And that really hurts first-time buyers who don't have a current home that they own to live in.

They're looking for available, usually starter homes for sale.

And the less that people kind of bounce around through the market and find homes that are good fits for them means it's just a more difficult market for everybody to navigate.

So there's a lot of uncertainty right now about what mortgage rates will do, because mortgage rates are heavily influenced by the Federal Reserve and the interest rate decisions that the Fed makes.

And so the Fed has been raising short-term interest rates for several months now, and that has trickled through to the mortgage market and led to higher mortgage rates.

But really, the Fed's decisions are based on what's going on more broadly in the economy and with inflation.

And so what happens in the mortgage market really depends on what happens more broadly in the economy.

And that will kind of trickle through to the mortgage market and ultimately to the housing market.

Showing 301–320 of 798 · page 16 of 40