This is John Batcher, conversation with Elizabeth Peek, my colleague, she's at the Hill, a columnist

at Fox News, a columnist, about the recession in housing, what it's doing to family formation, the young people, the very high mortgages,

the very expensive housing, a direct result of the raising of interest rates to cure inflation and yet it continues and what is to be done.

Elizabeth Peek, the Hill, Fox News, the columnist, about housing, rentals, purchases, mortgages, young people forming

families, the future.

More of this tonight.

I think it would. I mean, this is been a very strange cycle as you know because one of the

industries clearly is supposed to be responsive to rising interest rates is the housing market and

it has not been in fact it not only has it made mortgages it the housing

availability is the

housing affordability is the worst I think it's ever been now. The combination of high prices and high mortgage rates,

and that just isn't supposed to happen.

One would think, if mortgage rates begin to come down and people let's say you could get a 5%

mortgage then people are sitting in their houses refusing to sell even that they may want to

upgrade because they've got a 3.5% mortgage.

You know, all that begins to sort of shake loose a little bit and I think the housing market would respond.

Right now, I mean, this is a problem for the country and an awful lot of young

Americans in particular and also it's both a massive political headache

because young people they're concerned about

Palestine and various other things yes but their number one issue like

everybody else is the economy according to polling and their number one issue about the economy is inflation and

secondarily housing because rents are up 30% since 2019.

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