Ivanna Hampton : Welcome to Investing Insights . I’m your host, Ivanna Hampton . High interest rates and expensive home prices are keeping some frustrated buyers on the sidelines. A 30-year fixed-rate mortgage recently crossed the 7% line and remains there, according to the Mortgage Bankers Association. And recently there’s an uptick in some buyers choosing adjustable-rate mortgages that come with a lower loan rate, but higher risk. Meanwhile, macroeconomic conditions are also squeezing homebuilders. So, when could affordability return to the housing market and where can investors find cheap stock opportunities? Suryansh Sharma is the director of equity research for Morningstar and covers the housing industry. Thanks for joining me, Suryansh.

Suryansh Sharma: Thanks for having me here.

Hampton: Let’s start with the current state of the housing market. A number of factors are weighing on it.…