Housing Is Cracking as Rates Surge and Costs Climb

Housing pressure is building as higher rates and rising costs start to take a toll.Chuck Zodda and Mike Armstrong break down early signs of stress in the housing market as mortgage rates rise and affordability remains stretched.Also covered:Why rising foreclosures are increasing but not yet a crisisWhat a 5% 30-year Treasury yield means for mortgage ratesHow higher borrowing costs are reshaping housing demandThe growing push to tax second homes and its potential impactWhy rising oil prices could add new pressure to the economyWhat it means for home prices, affordability, and the broader economy.