Mortgage rates at its lowest level in 16 months but Marcus & Millichap CEO says people prefer to rent

Mortgage rates are at its lowest level in 16 months, yet people still prefer rentals. “There’s been a preference to rent throughout this expansion,” says Marcus & Millichap CEO Hessam Nadji. “We’ve seen consumers choose to stay in rental homes a lot longer.” He joins Yahoo Finance's Seana Smith.

Scroll to continue with content

What to Read Next