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The only housing markets getting fresh supply have a ‘disproportionately higher’ number of homeowners that aren’t clinging to low mortgage rates

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The only housing markets getting fresh supply have a ‘disproportionately higher’ number of homeowners that aren’t clinging to low mortgage…


Existing home sales fell to their lowest point in almost three decades last year, and a lot of that was because of the so-called lock-in effect. It refers to homeowners who’ve locked in below market mortgage rates and refuse to sell when rates are higher. You can imagine why someone with a 3%…

#zillows #orphedivounguy #metropolitan #zillow #detroit #cleveland #oklahomacity #buffalo #pittsburgh #sandiego

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