Brown Harris Stevens CEO: We Need More Housing in Market

Bess Freedman, CEO of Brown Harris Stevens, said in a Bloomberg interview that luxury real estate transactions continue even when broader economic pressures affect other buyers. Freedman noted that higher mortgage rates and Federal Reserve policy have created a divide between affluent purchasers and typical homebuyers in the market. She made these comments during an appearance on Bloomberg's "The Close" program with Romaine Bostick.

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