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.