Global Business: New U.S. home sales rise despite 7% mortgage rates

CGTN's Sean Callebs speaks to Ken H. Johnson, a real estate economist at Florida Atlantic University. He highlights how the U.S. housing market is becoming tougher to enter, thanks to low inventory and high mortgage rates. #globalbusienss #bizshow #biz #realestate #housing Watch CGTN LIVE on your computer, tablet or mobile https://cgtnamerica.vhx.tv/videos/hd-live-broadcasts Subscribe to CGTN America on YouTube Follow CGTN America: Twitter: @cgtnamerica Facebook: @cgtnamerica Instagram: @cgtnamerica TikTok: @newstoks This material is distributed by MediaLinks TV, LLC on behalf of CCTV. Additional information is available at the Department of Justice, Washington, D.C.