Good CNBC interview this morning with Trulia chief economist @JedKolko, in which he provides data to support his case for why housing can sustain a rate spike. This is a must watch as rates continue a sharp rise and are now in the upper 4s.
This interview today follows a report Kolko released two weeks ago in which he said the following:
Even if mortgage rates climb to 6%, buying still cheaper than renting in 97 of the 100 largest metros: http://t.co/Bxjy3IQmBf
— Jed Kolko (@JedKolko) June 20, 2013
– CNBC Interview with Jed Kolko-Mortgage Spike Won’t Derail Housing