Rising Mortgage Rates Are Good for Housing: Miller

The video discusses the current challenges in the housing market, focusing on affordability issues due to low mortgage rates and limited inventory. It highlights the impact of rising mortgage rates on homeowners and renters, and the role of private investors in reducing housing supply. The discussion also covers future predictions for housing prices and sales trends, emphasizing the need for more inventory to stabilize the market.

What is one of the main reasons for the unsustainable condition in the housing market?

• Low mortgage rates reducing supply

• High demand for luxury homes

• Increase in foreign buyers

• Excessive government regulations

How have rising mortgage rates affected people with short-term mortgages?

• They are unaffected by rate changes

• They face increased financial pressure

• They have more refinancing options

• They have benefited from lower payments

What is a contributing factor to the limited housing supply, according to the transcript?

• Government intervention

• Private investors buying homes

• Decrease in population

• Increase in construction costs

What is the expected trend for housing prices despite high mortgage rates?

• Prices will remain stable

• Prices will fluctuate unpredictably

• Prices will decrease significantly

• Prices will continue to rise

What was restraining sales activity before the rate growth?

• High interest rates

• Collapsed inventory

• Economic recession

• Increased taxes