U.S. Housing Market Faces New Pressure From Global Conflict
By CGTN America
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Mortgage rates remain elevated, housing affordability is under pressure, and rising oil prices tied to tensions with Iran could make construction even more expensive. Sean Callebs and Karina Mitchell examine what the latest economic uncertainty means for developers, renters, and homebuyers across the United States. Jonathan Braun of Prosper Property Group explains why higher fuel costs ripple through construction materials, why rents continue climbing, and whether buyers are adapting to today’s mortgage rates. #HousingMarket #MortgageRates #RealEstate #Iran #OilPrices #Construction #HousingCrisis #BusinessNews #Economy #bizshow 0:00 US housing market turns weaker across most regions 0:18 Mortgage rates rise to 6.51% as affordability crisis deepens 0:40 Buyers squeezed out as prices, taxes and insurance stay high 1:05 Housing slowdown hits sellers and refinancing activity 1:30 New York and Chicago buck national housing downturn trend 2:05 Rising construction costs and outlook
Tags: CGTN, US Economy, US Housing, bizshow, high energy costs, home sales, housing market
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