Brown Harris Stevens CEO Bess Freedman stopped by "Cavuto: Coast to Coast" on Fox Business to discuss how mortgage rates are approaching 8%, and what that means for the real estate market.

During the segment, Freedman shared that although sellers are becoming more flexible, it may take up to two years for the market to reflect that shift. Watch the full clip below.

"If I had to describe this market as a relationship, I would call it complicated. It doesn't make sense." -- Bess Freedman

Learn more about Bess Freedman and her background here.