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A growing number of homeowners say no rate would make them sell, making it even harder for buyers to find homes.
More than half of Americans surveyed said there is no mortgage rate at which they would be comfortable selling their home ...
Have you been putting off buying a home because of high interest rates? You're not alone. It’s been dubbed the lock-in effect ...
Homes have been unaffordable for many Americans in recent year, especially as prices skyrocketed after the pandemic and never ...
“The mortgage lock-in effect has frozen home sales for the past couple of years,” said Bankrate analyst Jeff Ostrowski. “Alas, these results don’t bode well for an unfreezing of the market.
This indicates that buyers and sellers alike are showing signs of frustration in waiting for rates to fall. NAR data shows that the annualized rate of existing-home sales dropped 1% from August to ...
The pandemic-era buying frenzy helped fuel the so-called lock-in effect that’s keeping some homeowners from moving. A new report measures just how bad it is.
6 Ways To Get Around the Real Estate ‘Lock-In Effect’ and Buy a Home. Prostock-Studio / iStock.com. Jordan Rosenfeld . Sun, Oct 13, 2024, 11:00 AM 4 min read.
Lock-In Effect Leads Average Home Prices to Breach $350K in Affordability , Commentary , Daily Dose , Featured , Market Studies , Market Trends , Migration , News , Real Estate July 14, 2023 244 Views ...
“The mortgage lock-in effect has frozen home sales for the past couple of years,” said Bankrate analyst Jeff Ostrowski. “Alas, these results don’t bode well for an unfreezing of the market.