Closing Bell: Stocks make up some ground, Housing headaches, SoFi’s student loan bounce 8/24/22

Stocks closed mostly higher in Wednesday trading, as investors await Friday’s speech from Fed Chair Jay Powell in Jackson Hole. Housing was a big focus on Wall Street, after new data showed a decline in home prices for the first time in 3 years. Jeana Curro from Bank of America and John Lovallo from UBS join to discuss the state of housing, and what the downturn in prices means for the real estate market. Meantime SoFi shares climbed as President Biden announced his student debt relief plan. Mizuho’s Dan Dolev explains why he thinks that’s a good thing for SoFi shareholders.