CNN New Day With John Berman and Brianna Keilar June 4, 2024 11:34:00
Sales have fallen off a cliff because mortgage rates have gone up certainly much higher than last year, much higher than the start of this year, and home prices continue to be high. people are being pushed out of the housing market and it's not just the impact for people who are looking for a home, it's the impact that then has on rentals. we have seen rental prices skyrocketing. rents have hit a record high for almost a year and a half. that has a real impact on people who can't afford to buy a home but are finding they can't afford to rent, either. >> the other aspect of this is gas price th...