People are 'giving up' on homebuying: Kinloch Partners CEO

Housing affordability is weighing on potential buyers as home prices continue to rise, the Case-Shiller National Home Price Index shows. As hopes of home ownership slip away for some, Kinloch Partners co-founder and CEO Bruce McNeilage joins Market Domination to discuss the alternative build-to-rent market.

McNeilage explains that people are giving up, and may not enter the market until rates move down to 5.5%. He adds that to his company is receiving "more and more" lease applicants with each home vacancy, but that the industry "98% leased."
"People are going to have to rent longer than they think," McNeilage tells Yahoo Finance.
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