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May 23, 2025
1 Min Read
Bess Freedman Talks Housing Affordability Crisis on “Closing Bell Overtime”
By Cristyn Ong
Bess Freedman recently joined CNBC’s "Closing Bell Overtime" to discuss the worsening housing affordability crisis, following a report revealing that only 21% of middle-income Americans can afford a home today—down from 49% in 2019. Freedman called the situation “unsustainable,” noting that first-time buyers are now, on average, 40 years old—ten years older than a decade ago. With high prices, limited inventory, and elevated mortgage rates, many are opting to rent, even if they could technically buy. Despite the challenges, Freedman remains a vocal advocate for homeownership as a tool for building long-term wealth and stability. Watch the full segment below.
“If you're planning to stay put, owning is still your best investment,” she said, reiterating a familiar rule of thumb that if you plan to remain in a home for five years or more, buying generally makes financial sense. “That advice still holds. But people have to weigh the pros and cons—it’s highly circumstantial.” – Bess Freedman
Click here to learn more about BHS CEO Bess Freedman
May 23, 2025
1 Min Read
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