New Fed chair, same housing headache

Kevin Warsh taking over the Fed likely won’t bring quick relief for homebuyers, according to BiggerPockers CIO Dave Meyer. On The Final 5 with Jim Lokay, he says inflation, bond market pressure, and a divided housing market mean mortgage rates may stay elevated, with some regions cooling while more affordable Midwest markets remain competitive. His advice to buyers: don’t wait for the Fed — negotiate hard now.