Compass CEO Says There Is Not Enough Housing Inventory

The video discusses the impact of interest rate hikes by the Fed and the Bank of Canada on the housing market, highlighting the resilience of the market despite high mortgage rates. It addresses the issue of low inventory due to homeowners being locked into low mortgage rates, termed as 'golden handcuffs.' The discussion includes strategies like renting out homes to maintain financial benefits. Predictions suggest a market shift when mortgage rates decrease. Current trends show strong new home sales and stable prices, with opportunities in challenged markets like San Francisco due to potential return-to-office trends.

What factors are contributing to the current state of the housing market?

How have mortgage rates affected buyer behavior in the housing market?

What are 'golden handcuffs' in the context of the housing market?

In what ways are people adapting to the current housing market conditions?

What is the expected impact on the housing market when mortgage rates approach 5%?