Approaching the Real Estate Market Amid Rising Rates
With mortgage rates above 6% for the first time in 2008---and double those of of 2020---many are wondering how to approach the current real estate market and whether it is profitable to do so.
Brown Harris Stevens CEO Bess Freedman recently visited CNN to provide a perspective on the current state of the market and its future.
"I think we're seeing a slowdown and a reset [in the market]...prices are not coming down fast enough." --- Bess Freedman
Bess also pointed out that real estate investments are unique. "You can't live in your stock portfolio, but you can live in your home," she remarked. "It serves another purpose and it's a great investment over time.
Watch the interview in full above. To learn more about Bess and her background, click here.