Why the housing market is 'challenged' right now: Zillow CEO

The housing market has seen a bit a reprieve as mortgage rates have fallen to 15-month lows with the 30-year fixed-rate mortgage falling below 7%, but is there more that potential home buyers need to worry about? Zillow Group CEO Jeremy Wacksman joins Market Domination to give insight the state of the housing market and what investors and home buyers should know moving forward. "The housing market is challenged. It's low volumes and pretty high price increases. And what that means is really tough affordability for buyers, especially first -time home buyers. You put those two things with high interest rates we have and it just makes it tough for a home buyer. So that's why you're seeing such low volume." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Nicholas Jacobino