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The Fox News Rundown

Evening Edition: Housing Market Will Only Get More Volatile

The Fox News Rundown

FOX News Podcasts

News, Daily News, Politics

3.41.7K Ratings

🗓️ 24 November 2022

⏱️ 15 minutes

🧾️ Download transcript

Summary

A booming housing market is slowing down as mortgage rates continue to rise and affordability and inventory goes down. And just this week, we have learned the Federal Reserve has plans to hand out more rate hikes further making buying a home unaffordable. FOX's John Saucier speaks with Al Lord, the Founder & CEO of the real estate firm Lexerd Capital Management, about his predictions regarding next year's housing market and if the current trends will last. Click Here To Follow 'The FOX News Rundown: Evening Edition' Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

I'm Dana Perino.

0:01.0

I'm Brian Kilmeade.

0:02.0

I'm Shannon Bream, and this is the Fox News rundown.

0:05.4

Thursday, November 24th, 2022.

0:11.6

I'm John Saw C.A.

0:13.1

A lot to be thankful for in this Thanksgiving, but this year when it comes to the economy,

0:17.0

it is a cautious gratitude.

0:19.1

Inflation has been worse than a dried turkey.

0:21.0

The Federal Reserve is stuffing us with higher interest rates and buying a home as no

0:24.3

pump can buy these days.

0:25.7

The biggest issue driving a housing market is interest rates and mortgages, and although

0:30.5

we've seen a dip here in mortgage rate by about 50 basis points, that's a dip from 22

0:37.0

year high in interest rates.

0:39.3

This is the Fox News rundown, evening edition.

0:46.7

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...

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