SitusAMC Head of Government & Industry Relations Tim Rood joins Yahoo Finance Live to discuss the latest trends in the housing market, the increase in new home sales, and the slowdown of mortgage rates.
The median market rent decreased to $1,978 in December, a 1.41% drop from November.
The rate on the average 30-year fixed mortgage decreased to 6.13% from 6.15% a week prior, according to Freddie Mac.