Housing market experiencing 'something of an earthquake'

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Housing market experiencing 'something of an earthquake'
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Recently, a federal court awarded $1.8 billion in damages to U.S. homeowners after The National Association of Realtors (NAR), HomeServices of America...

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federal court awarded $1.8 billion in damages) real estate branch — and Keller Williams Realty realtor firms were found guilty of conspiring to inflate commissions on home sales. With the housing market already in flux alongside elevated mortgage rates, potential homebuyers are unsure of where to turn to.

Lambert is frank in the status of the U.S. housing market:"What I think is impacting buyers and sellers today is the fact that affordability has deteriorated to historic levels. When accounting for incomes, mortgage rates, and prices, last month was the most expensive of this century since 2000 and this month it looks like it will be the second most expensive now that rates have come down a little bit under 8.

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