Housing Market Challenges Intensify And Expert Warns, ‘If You’re A Parent Of Gen Z Kids, Get Used To Them Living In Your House For A While’

The path to homeownership is proving more difficult for first-time buyers as mortgage rates and other associated costs soar. Mitch Roschelle, managing director at Madison Ventures+, described the timing as the worst of the year, with mortgage rates reaching their highest since last November. He conveyed his concerns during an interview on Fox Business's' "Varney & Co." The average rate for a 30-year fixed mortgage is 7.375%. Roschelle anticipates an increase in these rates, compounding the diffi