Housing Market Bending, Not Breaking on Rates: Evercore Analyst

The video discusses the resilience of the housing market despite rising mortgage rates, highlighting the strength in multifamily housing and the limited impact of Federal Reserve actions due to supply constraints. It explores how home builders are mitigating costs by buying down mortgage rates and examines the dynamics of the existing home market, emphasizing the lack of foreclosures and the impact of past mortgage refinancing.

What factors are contributing to the strength of the housing market despite rising mortgage rates?

What is the significance of supply in the housing market according to the text?

How are home builders addressing the impact of higher mortgage rates on home prices?

Why is the existing home market described as being very different from the new home market?

What historical context is provided regarding mortgage rates and home ownership?