Real Estate: Mortgage rates are up, demand continues to outpace supply of housing for homebuyers

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Mortgage applications have risen for the first time since May. Chris Porter, John Burns Research & Consulting Senior Vice President and Chief Demographer, joins Yahoo Finance Live anchors Akiko Fujita and Julie Hyman to discuss real estate affordability and tightening inventory conditions for prospective homebuyers.

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Homeowner ship is now 66%, it was at 63% in 2017.

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