Walden to CNBC: Why Home Prices Keep Rising Despite Falling Demand

Andy Walden, ICE vice president of enterprise research, says it would take a 35% drop in home prices, a 4 percentage point drop in 30-year mortgage rates, or 55% growth in income for housing to be considered affordable – yet home prices continue to rise, even as demand has fallen precipitously.

To learn why, check out Walden’s recent conversation with Kelly Evans on CNBC‘s The Exchange. Click on embedded viewer above to watch.