Realogy CEO bullish on home prices, sales

Rising mortgage rates aren’t hurting affordability or home sales, and prices could be headed up another 9 to 10 percent this year, Realogy President and CEO Richard Smith tells CNBC today, citing statistics from the National Association of Realtors.

Smith said first-time homeowners do face difficulties in obtaining financing, and is hoping regulators will loosen their definition of a “qualified residential mortgage.” Source: cnbc.com.