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Transcripts for CNN CNN Newsroom With Poppy Harlow and Jim Sciutto 20220331 13:33:00

19.2% from the year before. that s look, december was up 18.9%. some of these cities, like, if you re moving to phoenix, and you re trying to be a home buyer in phoenix, almost 33% home price increase. san diego, i can see, that tends to be a hot housing market. dallas up almost 30%. tampa, miami, just across the board here, couple of things, labor costs are high, there are construction shortages. so, you know, in terms of building a house it costs more to build the house. they re passing that cost on to you. but essentially there is way more demand than there is supply for homes, for first time home buyers it has been brutal out there. i talked to people real estate sector and they say, if you re a seller and you can sell and you know where you re going to live next, because if you sell your house, you might have a hard time buying a new one. it is all about the seller. interest rates will start rising. if you re in the market now for a loan, close to sealing the deal, interest rate ....

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Transcripts For CNNW CNN Newsroom 20120321



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