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Transcripts for MSNBC Alex Witt Reports 20240604 16:48:00

To rein latin by raising interest rates. no where do we see that more pro family than in the housing market. just rates, as you said, topping 7% for the first time in 20 years this past week. look at what that does to the monthly payment here in california for a medium priced home. there s a 40% increase from where it would have been a year ago. realtors across the country are saying that the ftc a change in the starting market, but they are saying they did not see icing crash like they saw several years ago. it is more market that is returning to more normal. this is very different from 2007, 2008. our properties still have incredible amounts of equity. there is not many via very many people who are in a very tight financial position that they still have to sell or which sea short sales or foreclosures like in the past. that is more risk right now. it is just coming down to affordability and that kind of ....

Paul Pelosi , Interest Rates , Housing Market , Icing Crash , Ftc A Change , Starting Market ,