FOXNEWS America Reports With John Roberts Sandra Smith June 4, 2024 18:35:00
>> trace: hitting a record high in march at $375,000, that is according to the national association of realtors, that is up 15% from this time last year. mortgage rates also up above 5%. that is if you can even find a house to buy in the first place. gerri willis from the fox business network tracking this from new york city. jerry, good afternoon. >> good afternoon to you, trace, that's right, people are calling it the american pipe dream. rising mortgage rates exploding home prices and historically low inventory is putting the american home dream out of reach. it's turbulent times for home b...