Fed Rate Hike Hits California Housing Market

Realtor Monty Iceman joined Kristine Lazar in the studio to discuss the impact of the Federal Reserve's rate hike on the California housing market. The conversation centered around how the increase would affect homebuyers and sellers.

Iceman stated that the rate hike will increase borrowing costs for potential homebuyers, which could lead to a decrease in demand for homes. He also mentioned that the higher interest rates may cause some homeowners to delay selling their properties or change their pricing strategies.