Fed’s Pause on Interest Rates is a Blow to Affordable Housing in California

June 16, 2023

CNBC, June 15 2023–Ana Teresa Solá
High interest rates pose as a blow to affordable housing in California. “Demand is still strong for home ownership, but yes, as soon as we can lower the rates back, I think the real estate market will continue to flourish again,” said Fiona Ma, California state treasurer, at CNBC’s Financial Advisor Summit.
https://www.cnbc.com/2023/06/15/rising-interest-rates-affect-california-housing-market-.html