The Senate’s confirmation of Kevin Warsh as chairman of the Federal Reserve is already reshaping conversations across the housing industry — particularly among real estate agents watching mortgage rates, affordability and transaction volume.

Warsh is set to officially succeed Jerome Powell after a contentious confirmation process held against a backdrop of elevated inflation, geopolitical instability and a sluggish but stable labor market.

For agents, the biggest questions are straightforward. Will borrowing costs finally ease? Will potential buyers regain needed homeownership footing?

The answers, according to experts, are more complicated than a simple yes or no.

Rates may stabilize — but volatility details ⇒

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