Brown Harris Stevens CEO: We Need More Housing in Market

Bess Freedman, CEO of Brown Harris Stevens, discusses a growing divide between affluent buyers and everyone else in the housing market. In response to a comparison with luxury consumer spending, Freedman says high-end real estate can often keep moving even when broader economic pressures, including Federal Reserve policy and higher mortgage rates, weigh on typical buyers. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)

Bess Freedman, CEO of Brown Harris Stevens, discusses a growing divide between affluent buyers and everyone else in the housing market. In response to a comparison with luxury consumer spending, Freedman says high-end real estate can often keep moving even when broader economic pressures, including Federal Reserve policy and higher mortgage rates, weigh on typical buyers. She speaks with Romaine Bostick on "The Close." (Source: Bloomberg)