Kelvin Davidson: Property Economist says we could reach a point where up to 25% of houses are sold at a loss

Up to a quarter of homes could soon be selling for a loss, if mortgages rates keep on rising. New figures from Core Logic show almost three-percent of homes sold at a loss in the three months to September. That's up from less than one percent in the three months of December. Chief Property Economist Kelvin Davidson told Mike Hosking we could reach the point where up to 25 percent of home sales aren't profitable, and more people are being forced to sell their homes. LISTEN ABOVESee omnystudio.com/listener for privacy information.