Housing is ‘just under-built in this country,’ Century 21 CEO says

Century 21 CEO Mike Miedler joins Yahoo Finance Live to discuss rising mortgage rates, housing supply, and the millennial cohort of first-time home buyers.

Video Transcript

AKIKO FUJITA: As the US housing market adjusts to a new reality of higher for longer interest rates with mortgage rates now above 6% for the first time since 2008, Fed Chair Jerome Powell admitted yesterday that the housing market will likely have to go through a big downturn to get it back to normal levels. Take a listen. Click the link below…..