News Summary

• Many COVID real estate hot spots, such as Austin and Boise, have watched their housing markets flatten or reverse in the years since.
• For many Americans, houses are just too expensive.
• Wall Street will be closely watching earnings reports from Zillow, Rocket Companies (parent of Rocket Mortgage) and Opendoor this week for insight into the housing market.
• The yield on 30-year Treasury bonds hit the highest in 19 years after Warsh spoke following the Fed decision to hold interest rates.