The birthday party’s over for the U.S. housing marketplace, however this CEO says it’ll recuperate

The pandemic home-buying frenzy got here to a screeching halt when the U.S. Federal Reserve raised rates of interest final June. Charges have since doubled, closing firmly above 6%. After domestic gross sales plunged, the housing sector has recovered fairly, however it’s now dealing with a scarcity of houses on the market, main the marketplace right into a bidding frenzy as soon as once more.

It’s basically a unique marketplace, Bess Freedman, CEO of Brown Harris Stevens, informed MarketWatch in an episode of Barron’s Are living.

“Housing…