It’s almost like sky high housing prices along with being locked in at historically low interest rates…causes people to stay where they’re at.
More “well no shit” News at 9
tostilocos on
Completely unsurprising.
We have high interest rates + tons of economic instability + reduction in average household purchasing power.
New buyers are likely holding out for rate drops and people who bought anytime in the last 20 years don’t want to give up their low mortgage rates and pay capital gains.
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It’s almost like sky high housing prices along with being locked in at historically low interest rates…causes people to stay where they’re at.
More “well no shit” News at 9
Completely unsurprising.
We have high interest rates + tons of economic instability + reduction in average household purchasing power.
New buyers are likely holding out for rate drops and people who bought anytime in the last 20 years don’t want to give up their low mortgage rates and pay capital gains.