"Red Flags" in U.S. Housing Market
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"Red Flags" in U.S. Housing Market
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Erin Sykes joins Morning Movers at the NYSE desk to discuss the health of the U.S. housing market. She says there are some "red flags" flying in Florida, but discusses the affordability of the New Jersey market compared to New York. Erin explains why Florida property taxes are weighing on the valuation and affordability facing many homebuyers. She doesn't expect a significant pullback in mortgage rates this year, and explains why entry-level home prices are much higher in the markets she covers.
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