Housing market settling into 'new normal' on mortgage rates

they are up almost 6% from a year ago. In an interview with Yahoo Finance, Federal Reserve Bank of Chicago President Austan Goolsbee claims that housing inflation isNational Association of Realtors Chief Economist Lawrence Yun joins Yahoo Finance to discuss the housing market, housing inflation, and the increase in home sales.

"I think there is a sizable pent-up seller, delay sellers who have been postponing and postponing, and the mortgage rate, the new normal appears to be between 6 and 7%. We are not going to see 5%. Three and 4%, out of the question. Therefore, I think more people are adjusting to the new normal in the mortgage rates, and they will begin to list the property and more listing is good for the market.

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