Shares of several real estate stocks bounced this week after what has been a brutal month and year of selling in the sector. For the week, shares of the largest mortgage originator in the county, Rocket Companies (NYSE: RKT), traded close to 5.5% higher as of 2:38 p.m. ET today. Shares of the real estate marketplace Zillow Group (NASDAQ: ZG) (NASDAQ: Z) traded nearly 14% higher and shares of the brokerage Redfin (NASDAQ: RDFN) traded more than 13% higher.
Lawrence Yun, chief economist at the National Association of Realtors, joins Yahoo Finance Live to discuss Fed Chair Powell's comments on the housing market, supply and demand, mortgage rates, and rental prices.
Yahoo Finance's Ronda Lee joins the Live show to discuss how 40-year mortgage loans could lead to housing affordability.